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3,500 arrangements for overdue tax debts

04/10/2017 10:00
Approximately 3,500 arrangements for overdue tax debts of about € 108 million have been made by Tuesday evening, according to the latest data from the Department of Taxation seen by CNA.

After the deduction, tax arrears are now limited to approximately € 87 million.

Moreover, according to Tax Department data, out of the 3,500 arrangements, approximately 2,500 are one-off payments, totaling to € 70 million.

After the deduction, the one-off payments amount to approximately €53 million.

Deadline for settlement of tax areas would have expired on 3 October, however, the House of Parliament voted last Friday legislation to extend the deadline until January 3, 2018.

Under the law, for one - off payment of debts, the debtor pays only 5% of the additional charges, while the payments by instalment are exempt from the charges up to 95% , depending on the number of instalments.