Debt settlement: Deadline to settle old debts end

Debt settlement: Deadline to settle old debts end

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The final deadline is until tonight for the settlement of the debts of thousands of State debtors.

Therefore, they must pay or settle the new State debts that are overdue by April 19, 2024, in order not to lose other arrangements where they have already paid their old debts.

Debt settlement

The same date, until now, also applies to debtors who “forgot” to submit an income tax return or VAT return whose submission deadline ended on any date before April 20, 2024.

That is, in order not to lose their arrangements, these taxpayers must submit the income tax or VAT returns that they must submit by the deadlines that have expired before April 20, 2024 , no later than July 19, 2024.

The rules

According to the new rules established by the Ministry of National Economy and Finance:

  1. There is no loss of arrangement for the partial payment of a debt to the State if there is a new overdue debt, provided that this new debt is paid in full or resolved by a new arrangement of installation within three months from the end. on its payment deadline.
  2. There is no loss of installment payment arrangement if the submission of income tax or VAT return is late, as long as this return is submitted within three months of its submission deadline.

It was noted that under the previous regime, delaying the submission of VAT returns for even one day or creating new irregular debts resulted in taxpayers losing their arrangements.

Also in AADE’s new central digital system:

  • All conditions for regulatory compliance will be monitored digitally and centrally.
  • If the taxpayer does not comply with any of the conditions, he will receive compliance notices so that in a reasonable time he will settle the arrears he has made
  • If he does not, the loss of regulation will be done centrally and not by each local DOU Head.

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