New 72‑Installment Scheme for Tax and Social Security Debts

The government is expected to activate the platform for the new extraordinary 72‑installment debt settlement after mid‑June. The measure applies to overdue debts to the Tax Authority and EFKA that were confirmed up to December 31, 2023 and remained unsettled until April 21, 2026. A key requirement for eligibility is that taxpayers must have paid or arranged all debts created after January 1, 2024.

Key Features of the Scheme

• Up to 72 monthly installments with an annual interest rate of 5.84%.
• Minimum monthly payment: €30.
• Example: A debt of €15,000 results in a monthly installment of approximately €280.
• No write‑off of surcharges or penalties, unlike previous settlement programs.

Benefits for Debtors

• Immediate tax and social security clearance.
• Suspension of seizures and auctions.
• Possibility to lift existing seizures with a 25% down payment of the total debt.

Reasons the Settlement May Be Lost

• Failure to pay two consecutive installments.
• Failure to submit tax or insurance declarations within three months of their deadline.
• Creation of new overdue debts for more than two months.

What Taxpayers Should Do Before the Platform Opens

• Check outstanding debts through myAADE and KEAO.
• Settle or arrange all debts created after 1/1/2024.

Reactions and Next Steps

Professional associations are already requesting improvements, such as lower interest rates, more installments, and the return of surcharge write‑offs, arguing that without meaningful incentives the scheme may fail—similar to the previous 24‑installment program. The Ministry of Finance considers the measure a balanced approach between supporting debtors and maintaining fiscal stability. Its effectiveness will depend on how many citizens can remain consistent over time.