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> Economy

Parliament tables regulation for settling overdue debts

The Parliament is to table the new rules for the settling of overdue debts in 100 installments on Thursday and vote on these on Friday

Newsroom October 23 08:09

The government is tabling new measures for the settlement of overdue debts to the state, social insurance funds and the tax office in up to 100 installments in Parliament on Thursday. This decision comes following a top-level meeting between Prime Minister Antonis Samaras and MPs from the sectors of Finance, Labor and Development to ensure that the regulations are aligned.

The new regulations, to be voted on Friday, are to include a provision for slashing the extraordinary solidarity levy by 30%. Furthermore, an amendment for nonperforming loans could be tabled in Parliament next week.

The new regulation will be offered to approximately 3 million taxpayers who owe money to the tax office and insurance funds but who have never made a regulation with the tax office. Those who haven’t paid their ENFIA and other tax contributions by the end of November won’t be privy to the new rules.

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