The last of the 8 installments of income tax, 3,261,203 taxpayers will have to pay, by Friday, February 26.

The installment amount totals 453 million euros, with total income tax amounting to 3.26 billion euros. This year’s average income tax for salaried employees, pensioners, and self-employed professionals is 1,111 euros, though many have opted to pay their tax liability in more than eight installments.

On February 26, the 8th installment

The eighth and final installment of income tax must be paid by the end of February. Specifically, according to Article 82 of Law 4706/2020, the payment of income tax for individuals for the 2019 tax year is due by eight equal monthly installments, The first of these is to be paid by the last business day of July 2020, and each of the subsequent payments is to be paid by the last business day of each of the following seven months.

Of course, those who have already paid these installments in a lump sum are under no obligation this month.

Payment in eight equal monthly installments also applies to those who filed their 2020 tax return before July 17, 2020, the date on which Law 4706/2020 took effect.

The installment payment dates, in detail