Tax Debt Settlement: Last Chance to Re-enroll in 100- and 120-Installment Plans

The option to re-enroll in the previous plans the 100- and 120-installment plans for debts to the tax office that debtors have who have been affected by the pandemic, provided that they submit an application and pay the August installment along with the September installment by September 30, 2021.

The reinstatement of the old regulations under the same terms and conditions, is provided to those affected who lost their payment plans between March 1, 2020, and July 31, 2021, while any unpaid installments will be added to the end of the payment plan or plans. Upon submission of the application, the installments of the payment plans that were missed during the period from March 2020 to July 2021 will appear in the AADE’s online application.

Which debtors are eligible for reinstatement?

The following debtors have the opportunity to once again qualify for the old 100- and 120-installment plans to pay off their tax debts:

1. Individuals engaged in business activities, legal entities, or legal entities that have been affected by the measures taken to combat the COVID-19 pandemic and whose primary KAD activity code has been impacted.
2. Non-business individuals whose employment contracts were suspended for any period from July 1,March 2020 to July 31, 2021, due to measures taken to combat the COVID-19 pandemic.
3. Non-business individuals who received special-purpose compensation based on a unilateral declaration for any period from March 1, 2020, to July 31, 2021.
4. Non-business individuals who enrolled in the «SYNERGASIA» aid program for any period between March 1, 2020, and July 31, 2021.
5. Non-business individuals who received reduced rent for any period from July 1,March 1, 2020, through July 31, 2021, and have been compensated following a review of their COVID-19 tax returns.
6. Non-business individuals who were registered with the OAED unemployment registry at any time between March 1, 2020, and July 31, 2021.

Upon submission of the debtor’s application for reinstatement into the previous payment plans, the installments of the payment plans that were missed during the period from March 2020 to July 2021 will appear in the AADE’s online application. Upon payment of the August installment together with the September installment by September 30, 2021, The old payment plans will be «unfrozen,» and any unpaid installments will be added to the end of the payment plans.

When Are the Settings Lost?

Debtors who decide to take advantage of the old repayment plans again should be aware that The 100-installment payment plan is being discontinued:

• If the debtor fails to pay 3 consecutive monthly installments under the payment plan or delays payment of the last 3 installments of the payment plan for the corresponding period.
• If the debtor fails to file the required income tax and VAT returns, throughout the entire period of the debt settlement arrangement and until the debt is paid off, within 3 months at the latest from the expiration of the filing deadline.
• If he does not pay or settle his new debts within the time limit for payment.

The 120 instalment regulation is lost:

• If the debtor fails to pay two consecutive monthly installments under the payment plan or delays payment of the last two installments under the payment plan.
• If the debtor fails to file the required income tax and VAT returns, throughout the entire period of the debt settlement arrangement and until the debt is paid off, within 3 months at the latest from the expiration of the filing deadline.
• If he does not pay or settle his new debts within two months of the deadline for payment.
• If he commits repeat tax violations.