Who and how will be able to rejoin the 100th or 120th installments and organize 36th or 72th installments for corona debt. What does the plan expect on the government table?
On the government table there is a plan to revitalize the old ways of paying off debts with the treasury. The plan affects taxpayers who, despite adhering to the systems of 100 and 120 installments for the old tax debts or 36 and 72 installments for Corona debts, have since lost them, under the weight of the pandemic and the energy crisis, and have stopped paying monthly fees. As a result, they now face forfeiture of bank deposits, income and other assets.
They are now considering the Ministry of Finance to give a new opportunity to those who have lost their arrangements to join them and settle their debts. Taxpayers who have not met the quota schedule may rejoin the arrangements “with a penalty”. According to the information, the fee will be related to either an increase in the interest rate, or the obligation to pay certain installments that were lost due to the regulation.Final decisions on the timing, network and terms of the arrangements to be reopened to distressed borrowers are expected to be made by the end of February along with other emergency support measures with the relevant ‘outside the box’ actors. Possibility of concluding a new debt agreement.
The plan under consideration provides for the reactivation of the following arrangements:
100 or 120 Installments: Replacement in 100 or 120 installments will be subject to the terms and conditions of the original agreement for the remaining debt. It should be noted that more than 600 thousand natural persons and companies have been included in the regulation of 120 quotas implemented by the government, but in the process, many different reasons have been lost.
36 or 72 installments for pandemic debt: The agreement refers to debts to Treasury and insurance funds confirmed between March 1, 2020 and July 31, 2021, which are repaid in a maximum of 36 monthly interest-free installments or in installments of up to 72 installments. At an interest rate of 2.5%. Natural and legal persons who are described as affected by the epidemic may adhere to this arrangement. The minimum monthly payment was €30 for debts of up to €1,000 and €50 if the amount of debt was greater.
The data:
According to the data of the Tax Administration, debts of up to 5,300 million euros have been included in some arrangements (100 installments, 120 installments, pandemic debts of up to 72 installments and a fixed arrangement of the Ministry of Finance 24-48 installments). Of the organized balance, 53.5% comes from individuals and the remaining 46.5% from legal entities. 36.4% of the structured balance (€1,932m) comes from debtors with principal debt of €5,001-50,000, while 26.2% of the structured balance comes from debtors with principal debt of €50,001-€300,000.
