Tax / “Freeze” after the uproar for one year interest rates for installments

The a one-year “freeze” of interest rates for fixed arrears arrangements of natural and legal persons to the tax administration, provided by a provision in the framework amendment which was filed in a bill of the Ministry of Development. He had announced the arrangement in advance Kostis Hatzidakis after the uproar over the explosive increase in interest rates and the excessive burden on taxpayers after the expiry of the previous regulation on 03/31/2024.

More specifically, according to announcement of the Ministry of Financethe interest rate of installments of confirmed debts to AADE that have been regulated will remain stable until 31/3/2025 at the level at which it was formed until 31/3/2024. It is noted that this measure will also have retroactive from 01/04/2024 both for the arrangements made in the previous month and for those already in force.

So, the amount of interest rates for installments of debts in settlement, it is formed in:

• 4.34% for debts settled in 12 monthly installments.
• 5.84% for debts settled in more than 12 installments.

For the debts that have been raised re-set after losing the first one (b) the interest rate is set as follows:

• 5.84% for debts settled in up to 12 monthly installments.
• 7.34% for debts settled in more than 12 monthly installments.

It is noted that without this legislative intervention, taxpayers would be charged an interest rate of 6.68% for debts settled in 12 installments and at 8.18% for debts settled in more than 12 installments.