Umbrella for households that owe everywhere



An umbrella of settlements for old debts and new debts that were born during the quarantine period opens for households and businesses that with the outbreak of the pandemic saw their incomes and turnover shrink and find it difficult to cover their debts to the Tax Office and the Tax Office. the banks. Through the new grid of regulations, the Ministry of Finance seeks to put a brake on a new generation of overdue debts to the Tax Office, giving taxpayers a second and third chance to “break” their debts in installments that can start from 12 and reach 120 or even theā€¦ 240 installments for debtors who will join the out-of-court mechanism and settle debts to banks and the State that are unable to pay. The door of 100 or 120 installments reopens in November for those affected by the pandemic and lost arrangements because they stopped paying the installments while for all taxpayers, affected and not, who failed to keep their arrangements after November 1, 2019, the gates of the permanent arrangement of 24 – 48 installments are opened, with which the current debts are settled. The taxes that were confirmed in the period March – June and froze until April 2021 will be regulated from May next year in 12 interest-free installments or in 24 installments with an interest rate of 2.5%. The new map of the arrangements for the repayment of the old ones and new debts of households and businesses in several installments is now as follows: 1. Lockdown taxes. With the outbreak of the coronavirus, the current tax liabilities “froze” for all the affected and the period of suspension of their payment extends until April 30, 2021. Natural and legal persons with unregulated debts to the Tax Administration, which were created during the period of March – June 2020, can be adjusted, from May 2021, upon electronic request of the taxpayer in 12 interest-free installments or in 24 installments with a 2.5% interest rate. The first installment is paid until May 31, 2021. For those who choose to repay the coronary debts in 12 interest-free installments, the last installment must be paid by April 30, 2022. Those who choose the 24 low-interest installment scheme will repay the debts born on quarantine period in April 2023. In case of late payment of installment, the debts are charged with a monthly increase of 5%. The arrangement is lost as a result of the obligatory immediate payment of the balance of the debts according to the data of the certificate, if the debtor does not pay 2 consecutive monthly installments of the arrangement or delays the payment of the last 2 installments of the arrangement for more than 2 months. Under the regulation, late payment fines are not calculated. For example, a company with KAD, which belongs to the victims of the coronavirus pandemic, owes VAT, according to a March statement, which was to be paid in April and for which a payment suspension has been granted. until 30/4/2021. The company will include VAT in the new regulation of 12 interest-free installments or 24 installments with an interest rate of 2.5% and will start paying it from May 2021.2. Adjustment installments March – June 2020. Adjustment doses that “froze” with the onset of the pandemic for those affected by April 30, 2021 will be transferred and added, from May 2021 onwards, at the end of the adjustment doses. That is, taxpayers will not lose their arrangements, but simply the installments of the period March – June 2020 that were suspended will be transferred for payment after the end of the other installments of their arrangements. For example, a taxpayer who was involved in the 24-installment arrangement in February 2020 and did not pay the arrangement installments in the months of March to June 2020, taking advantage of the possibility of suspension of payment. He will pay the 4 installments after the end of the period and the total installments of the arrangement will increase from 24 to 28. Thus the repayment of his debt, instead of being completed in January 2022, will be completed in May 2022.3. “Lost” settings – second chance. Taxpayers who have been financially affected by the pandemic and for any reason lost a partial debt settlement (100 or 120 installments) between March and October 2020, can continue to pay the settlement normally from November 2020. Unpaid installments meanwhile are added at the end of their setting as supernumeraries. For example, a taxpayer who is affected by the financial effects of the pandemic had joined the 120-installment arrangement, but was unable to pay the July and August 2020 installments and lost the arrangement. From November 2020, as soon as the 120-installment door reopens, it will be able to re-enter the regulation and continue to pay it normally with all its benefits. Unpaid installments are added at the end of the initial adjustment installments.4. Settlement lost after 1/1/2019. For all taxpayers who have lost their settlement from November 1, 2019 onwards, and who are currently prohibited from settling their debts again, the gates of joining the permanent settlement of 24 or 48 installments are open. For example, a taxpayer who has not been affected by the pandemic who had an up-to-date fixed settlement on 1/11/2019 and lost it at any time thereafter, with what is in force today, cannot re-arrange his specific debts. After the changes he will be able to include these debts in the fixed arrangement of 24 or 48 installments. However, it will not be able to rejoin the 100 or 120 installment arrangement, for example, unless it belongs to the pandemic affected group and the arrangement was lost between March and September 2020. . Taxes certified after quarantine, such as income tax resulting from the settlement of this year’s tax returns or ENFIA 2020, can be adjusted in 24 monthly installments based on the standing arrangement. Extraordinary debts such as inheritance tax can be repaid in up to 48 monthly installments.6. Debts from loans guaranteed by the State. Debts to the Tax Administration, resulting from the repayment of loans granted with the guarantee of the Greek State, can be settled in 120 monthly installments, with a scalable program of exemption from surcharges and overdue interest. The exemption from surcharges and interest reaches up to 100% in case of a lump sum payment, while the minimum monthly installment amount of the arrangement can not be less than 20 euros.7. Debts to banks – Public. The new Bankruptcy Code gives natural and legal persons who can not service 60% of their total debts to seek settlement of all their debts. If, for example, a natural or legal person serves even with some delay his debts to the banks but can not service his debts to the State (Tax Offices, insurance funds, DEKO, municipalities, etc.) and has proven weakness may apply to be subject to an out-of-court debt settlement mechanism. After the application, the majority of the debtors must accept the settlement request, ie the debtors who hold at least 60% of its debt. So if the debts to the State exceed the debts to the banks, then it is considered certain that the State will accept the out-of-court settlement of debts with a repayment period of up to 20 years. A condition for even the State to accept such a brave regulation is to find that the amount of the debts it will secure in a period of 20 years will be greater than to proceed with compulsory measures, ie confiscation of the debtor’s movable and immovable property. on Google News and be the first to know all the newsSee all the latest News from Greece and the World, at



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