Debt Settlement: The Opportunities and Pitfalls of 120 Installments
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The government is offering the possibility of repaying debts to tax authorities and social security funds in 10 years instead of 6, by changing the regulation from 72 installments to 120. A standing request… 120 installments: The “new” regulation – Who can apply - NAFTEMPORIKI
A new opportunity to regulate the repayment of debts to the tax authority in up to 10 years or up to 120 monthly installments is offered by an intervention by the Ministry of National Economy and Finance, which will come into effect within days and potentially concerns 1.3 debtors with debts of over 90 billion euros.
Under the new framework, the maximum number of installments is increased to 120, compared to 72 previously, while the minimum monthly payment is set at 30 euros.The government has been forced to expand the regulation on old debts, increasing the maximum number of installments from 72 to 120, at a time when households and businesses are facing setbacks. accumulated debts and limited liquidity. The intervention may be presented as a financial wind…
Which debts are included, which are excluded and what applies to those who already have a 72-installment arrangement
In up to ten years, households and businesses will now be able to repay their old debts to the Tax Authority and social security funds.
New timetable and limits: Possibility of debt integration until the end of 2024 and application deadline until June 2027
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