Time of Payments for Income Tax, ENFIA and Refundable Advance- Reg

It starts in a few days annual appointment of taxpayers with the tax office for the payment of the first installment of income taxwhich three out of ten tax filers will be required to pay.

The filing rate has increased, but there are still just under 2 million taxpayers left to meet their obligations.

This year the situation is different, with the State choosing to pay taxes in more installments. So the income tax will be paid in 8 installments with the first on July 29 and the last at the end of February 2023.

For LIGHT its repayment has already started, with taxpayers having already repaid almost half of the tax, while the payment of the 3rd installment is scheduled for the end of the month out of a total of ten, with the last one on February 28.

The tax calendar is completed by start of repayment of the debt for the refundable advance. The first will be paid at the end of the month and the last on June 30, 2030, i.e. in 96 installments. Of course, there is the possibility of a one-time payment until July 29, with a 15% bonus on the entire debt.

But let’s look at the possibilities that taxpayers have to pay off their debts in more installments or with discounts. The installments for the three obligations start from 8 and reach 96.

Discounts start at 3% and 15% for those who repay the sums in one go.

Taxpayers also have the following options.

1. Payment in 12 interest-free installments via credit card.

2. Repayment in 24 interest installments, using the fixed arrangement.

Details of the payment calendar

The payment calendar depending on the tax category is structured as follows:

LIGHT: The 3rd installment is paid by July 29, 2022. The last installment of the ENFIA should be paid at the end of February 2023, while those who find it difficult to pay the tax for their real estate have the possibility to include the debt in the fixed arrangement that provides until 24 monthly installments, which are however charged with an annual interest rate in the region of 5%. Of course, there is also the solution of 12 interest-free installments offered by banks with credit cards. In the case of a one-off payment, no discount is provided. A total of 6.3 million property owners were asked to pay the amount of 2.25 billion euros. It is estimated that more than 1 billion euros have already flowed into the state coffers from this year’s ENFIA as 800 million euros were paid with the first installment.

Income tax: The personal tax resulting from the settlement of this year’s tax returns can be paid in eight equal monthly installments, with the first installment due by 29 July 2022 and the last by 28 February 2023. Those who choose to pay the lump sum income tax until July 29, 2022 will have a discount of 3% on the total amount. And for the income tax there is the possibility of including it in the fixed arrangement of 24 installments or repayment in 12 interest-free monthly installments with their credit card.

Refundable deposit: At the end of the month, the repayment of the refundable advance begins. The resulting amounts can be repaid in up to 96 interest-free monthly installments. Those of the 700,000 businesses and professionals who decide to pay the debt in one lump sum by July 29 will get a 15% discount on the total amount they have to pay back to the public.

RES-EMP

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