ON 29 APRIL 2024 identified the Deputy Minister of Economy and Finance, Harris Theocharis, as the deadline for the settlement of debts, during his speech to the Economic Affairs Committee of the House of Representatives.

ADJUSTMENT OF THE TAX RULES In arrangements, which under the applicable provisions entail their loss due to overdue unpaid instalments, they are credited:

  • All payments made or to be made until the entry into force of the law, i.e. until its publication in the Government Gazette
  • any outstanding tax refunds

ULTRASOUND RATES Based on the relevant provisions, a monthly late payment interest of 0.73% is calculated on the principal of the overdue instalment for each month of delay until today or until the last instalment of the arrangement, if the payment deadline has now passed. A surcharge is also calculated on the last or the last two instalments of the arrangement (depending on its type, 24/48 instalments, 36/72 instalments, 100 instalments, 120 instalments, etc.).

After crediting payments and any outstanding refunds:

  • If all the overdue instalments of the arrangements are settled, the arrangement is now considered to be serviced and will not lead to a loss
  • If part of the overdue instalments of the arrangements are settled, a loss is incurred for the remaining part

As noted in an announcement of the Hellenic Revenue Service, the loss of the adjustments will be made centrally and not by the debtor's tax office.

METHOD OF PAYMENT Payment can only be made via web banking, in the Regulated Debt Identity Card Payment via IRIS or card is not possible.