Regulation for tax in arrears

There is also provision for complete lifting of fines, while for those who choose installments be burdened with interest which will be calculated at the rate of 4.56%. The main points of regulation are as follows:
The regulation will cover proven arrears until October 1, 2014 (including income tax installments and the unexpired installments of the ENFIA property tax)
When set to qualify main arrears natural or legal persons or legal entities to one million euros on request which can be made up to the last working day of March 2014
Borrowers must have submitted the statutory tax returns and keep up current tax payment throughout the duration of the arrangement
The legislation provides for relief from surcharges which depends on the number of installments:
-100% For a lump sum payment
-90% If the debt is paid in 12 installments
-80% If the debt is paid in 24 installments
-70% If the debt is paid in 36 installments
-60% If the debt is paid in 48 installments
-50% If the debt is paid in 60 installments
-30% If the debt is paid in 72 installments
-20% If the debt is paid in 100 installments
Legal regulation in 100 installments will only apply to those who have debts up to € 15,000.
The bill also foresees:
After obtaining the settlement fines for theTax Procedures Code and the Code of Public Revenues Collection will not be calculated. Of course,surcharges will be calculated at the rate of 4.56%
The minimum amount of the monthly adjustment payment can not be less than 50 euros
It will be mandatory that the settlementincludes all invoiced and overdue taxes until October 1, 2014 that have not been settled in a lawful manner or through deferred payment facility, or other legislation for installment payment. Debtors amy opt to include dues attested up to October 1, 2014 at the time of application, that: a) are suspended, by administrative act or judicial order or b) have not matured or c) have a framework for partial payments or facility, already in effect.
Especially for those who are under a settlement of the new authority (ie that offered 48 installments) the bill enables them, provided they comply with the terms of the arrangement, to enter the new settlement. The rate will be calculated retroactively from 1 January 2013 and will be eligible for discounts on the above increases.
Those who wish to remain in the settlement of the new authority will be given an additional 20% discount on the price increases due to interest and penalties which will apply retroactively from the date of their accession to the settlement.
Failure to pay installments in time has the following consequences: a) loss of the benefits of the regulation, b) obligation to pay the balance of the debt, according to data acknowledged, with net surcharges, interest and penalties for late payment, which are revived, and c) immediate pursuit of the collection with all the provisions of the current legislative measures.