Home » Business » Inland Revenue – Settlement of debts: 7 questions – answers for those who join again – 2024-04-14 06:58:45

Inland Revenue – Settlement of debts: 7 questions – answers for those who join again – 2024-04-14 06:58:45

More than 236,000 citizens have the possibility to settle debts to the State, which are pending due to incorrect consultation with the tax office and the problems that the tax system has had since the last decade, according to the provisions of the tax bill that was submitted to the parliament a few days ago.

In fact, many taxpayers continue to pay while they have missed one or more installments in the meantime, and now there is a solution for settling the debts of those who are in a “grey zone” and are at risk of being classified as red.

The new provisions

With the new provisions, the conditions for maintaining and reviving debt arrangements change for the better, with the aim of making them more lenient and fairer. In 7 questions – answers presented by O.T. clarifies the landscape for who the new changes to the arrangements apply to and what those wishing to rejoin the arrangements they have lost must do. Also, what applies is recorded so that they are not found out once more.

– What should a debtor do to revive a lost arrangement?

It has the possibility of reviving arrangements that were practically lost to the tax administration by paying the overdue installments, whatever they may be, until the law comes into force.

– In case part of the above installments has already been paid?

Then taxpayers just need to repay the remaining amount in order to revive the arrangement. In fact, in order to avoid the loss of the above regulations, the tax administration will, as a matter of priority, credit the installments of these amounts that come from tax refunds or from deductions due to the issuance of a proof of awareness.

– If a regulation has been lost by decision of the tax authorities, can it be revived?

No. The revival does not concern arrangements that have been lost by an act of the Head of the DOU.

– For what reasons can a tax settlement be lost?

Two or more monthly installments of the arrangement were not paid on time either due to an inability or an error of the system, which did not recognize a payment as overdue.
No tax returns were submitted while the arrangement was active.
The current debts to the public were not paid or another (parallel) arrangement to which the debtor had joined was not served.
– What is the current situation with the non-submission of tax returns?

Failure to submit the prescribed income tax and VAT returns or delay in submitting them even by one day results in the loss of arrangements for other debts. The same applies to any new overdue debts, which, if created for even one day, result in the loss of the arrangement.

– How can someone maintain debt settlement with the new system?

Taxpayers will be able to maintain their debt settlements as long as they have submitted their income tax and VAT returns within 3 months of their submission deadline. If the deadline has passed until December 31, 2023, they can submit 5 months after that, i.e. until May 31, 2024. Also, they should have paid or settled their new debts within 3 months of their payment deadline.

– Which lost debt arrangements can be revived?

The 100 installments of 2014, which related to confirmed and overdue debts to the Tax Administration, until October 1, 2014.

The 100 installments of 2015, with which it was possible to repay in 2 up to 100 monthly installments the debts certified to the Tax Administration, which had become overdue by March 1, 2015.

The 120 installments of 2019, which related to confirmed debts to the tax office, which had become overdue by December 31, 2018. The specific debts were exempted from 10% of interest and surcharges and were settled in 2 up to 120 monthly installments, for natural and legal persons or non-profit entities and in 2 up to 36 monthly installments, for legal persons or entities of a for-profit nature. The number of installments was determined by AADE, based on the amount of the annual income of the tax year 2017.

The 120 installments of 2020, which gave the possibility of repayment in up to 10 years, of the debts arising from business loans and loans of natural persons, with ministerial decisions issued up to the year 2012 to provide the guarantee of the Greek state, which had become overdue to credit institutions until October 7, 2019.

The 72 installments of 2023, which concerned confirmed debts that became overdue after 1/11/2021 up to and including 1/2/2023. A condition for inclusion was that they had no unregulated, other overdue debts.

Source: ot.gr

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