14.2.13

According to a report by “Ta Nea”, the General Secretary of Public Revenue Haris Theoharis has told all tax collectors to provide as many installments as legally allowed to tax-payers who want to settle their debts, in an effort to boost revenue from the 56.6 billion the state is owed.

The new amendment for outstanding debts requires at least two months before it is activated, provided it will be green-lit by the Troika and that the potential repossession of assets is sufficient to cause further social reactions.

Tax office executives estimate that one in two taxpayers is unable to pay off their debts towards the state in time, which is evident by the creation of 13.2 billions worth of debt in 2012 alone. Mr. Theoharis’ directive targets these taxpayers, who will be contacted to settle their debts within 20 days or face the threat of repossession.

In the meantime, taxpayers can contact their local tax office to find out whether they can apply for a settlement in 48 installments, in compliance with law 2648/1998.