On 1 October 2026, the Ministry of Finance announced that a legislative proposal allowing taxpayers to settle outstanding tax and social security debts in up to 120 monthly installments will be voted in Parliament within October. The bill, which applies retroactively to debts existing as of 30 September 2026, includes a 50% down‑payment requirement for immediate activation and reduced interest rates (2% above ECB base rate). It aims to improve collection rates while providing liquidity relief.
Key Takeaways
- Eligibility: All tax and social security debts (income tax, VAT, property tax, social contributions) qualify, except those under criminal investigation.
- Down‑Payment & Interest: A 50% upfront payment is required; the remaining balance carries a fixed interest rate reviewed annually.
- Automatic Default Consequences: Missing two consecutive installments triggers immediate acceleration of the full balance and reinstatement of enforcement measures.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement