With amendment by the Minister of National Economy and Finance Kyriakos Pierrakakis, the arrangement for interest rates for the third consecutive year is extended
At the same levels for another year will be maintained interest rates of fixed arrears toward tax administrationoffering a “breath” to thousands of taxpayers.
According to ERT, with amendment by the Minister of National Economy and Finance Kyriakou Pierrakakisextended the arrangement for the interest rates For the third consecutive year, maintaining the cost of serving the regulated debts, in a difficult time due to inflation and high interest rates, despite their gradual decline in recent months.
In particular, the installment rate for the confirmed debts that have been incorporated will remain unchanged until March 31, 2026, maintaining the levels valid until March 31, 2025.
Conservation of interest rates at the same levels concerns both the initial arrangements and the new subcontracts, facilitating debtors to be consistent in their obligations. In particular, interest rates remain:
- At 4.34% for settings up to 12 doses, and:
- At 5.84% for more than 12 doses.
However, interest rates for those who have lost previous arrangements are elevated and wish to re -integrate into a settlement status:
- At 5.84% for up to 12 doses, and:
- At 7.34% for over 12 doses.
The measure aims to avoid new debtors, are unable to meet their tax liabilities.
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.