By Chrysostomos Tsoufis

In a mammoth write-off of OSE’s debts to the State of €7.4 billion, AADE proceeded in April implementing the Joint Ministerial Decision of December 19.

The KYA – which provides for the cancellation of €10.4 billion of debt from interest and amortization of a bond loan expiring in 2037, and therefore additional actions are expected from the AADE – signed by Mr. Staikouras, Karamanlis, Skylakakis and Pappadopoulos and was published in the Official Gazette on December 27. According to the decision, confirmed debts of OSE SA towards the Greek State, which come from forfeitures of loans guaranteed by the Greek State, are written off.

This is a pending issue that has plagued him for many years OSE as since 2017 the Commission had given the green light for the deletion, ruling that it does not constitute state aid and is compatible with the internal market.

After this write-off, the total amount of debts that AADE erased from its books in the first 4 months of the year reaches €7.8 billion.

After the “discarding” the total debt to the tax authorities now amounts to €107.7 billion equal to approximately 50% of GDP of the country. Of these, however, €26.3 billion are considered uncollectible and candidates for cancellation, so the “real” overdue debt of households and businesses amounts to €81.4 billion. To write off a debt you must:

-AADE’s audits must have been completed and it has been established that the debtor and any co-obligors have no assets
– Criminal charges have been filed
– To have been certified by a special auditor or customs authority that the collection of debts is impossible

Natural persons owe €40.5 billion and businesses €67.0 billion.

Total at Public they owe 3.69 million natural persons, a number that has been continuously decreasing month by month since the beginning of the year when it had reached 4.03 million.

Of these, 1.44 million have already undergone forced collection measures, confiscation of salaries and bank accounts.

2.05 million are in immediate such danger since they have debts of more than €500. The remaining 200,000 debtors do not owe more than €500 and are therefore under the … confiscation radar.

The “fresh” fees, of the first 4 months of 2023 that is, amount to €2.45 ​​billion and €2.1 billion are related to taxes, an amount significantly lower as between January and April 2022 the tax debts were €3.4 billion