A third of tax­pay­ers didn’t pay

Over 670,000 peo­ple due to cover their first in­come tax pay­ment by end-July cre­ated fresh debts of 340 mln

Kathimerini English - - Focus - BY PROKOPIS HATZINIKOLAOU

Al­most one in three tax­pay­ers who were sup­posed to pay their first in­stall­ment of in­come tax by the end of July was un­able to do so, ac­cord­ing to data from the In­de­pen­dent Au­thor­ity for Public Rev­enue.

Fig­ures showed yes­ter­day that 671,000 tax­pay­ers for­feited the pay­ment of tax adding up to some 340 mil­lion eu­ros, a de­vel­op­ment that is gen­er­at­ing se­ri­ous con­cern at the Fi­nance Min­istry as it is ab­so­lutely nec­es­sary that the tar­gets of the bud­get be met.

The gov­ern­ment is keen to know whether the tax­pay­ers who missed their first pay­ment last month plan to en­ter the Fi­nance Min­istry’s fa­vor­able pay­ment scheme which pro­vides for 12 monthly in­stall­ments, be­cause if they don’t make any pay­ments, the hole in the state’s fi­nances will be close to 1 bil­lion eu­ros.

That house­holds are suf­fer­ing from a tax over­load is ob­vi­ous to se­nior min­istry of­fi­cials as the data at hand show a drop in the col­lec­tion rate the bud­get was based on (over 85 per­cent).

The high taxes and the in­creased down-pay­ment for next year for self­em­ployed pro­fes­sion­als and farm­ers have as­phyx­i­ated many house­holds, re­sult­ing in them be­ing un­able to meet their obli­ga­tions not only to the tax au­thor­i­ties and the so­cial se­cu­rity funds but also to banks.

By July 31, 2.43 mil­lion tax­pay­ers were sup­posed to pay 1,114,509,000 eu­ros, but in­stead 1.76 mil­lion of them paid just over 775 mil­lion, while 671,000 left 339.4 mil­lion eu­ros unpaid.

Last year the num­ber of peo­ple who for­feited the first tranche in July came to 659,000, but this year there are many more be­ing asked to pay ex­tra tax com­pared to 2016.

It is noted that any­one who fails to 825.80 1.1860 pay their first tranche will not only be fined 0.73 per­cent of their dues for ev­ery month they de­lay pay­ment, but they could also be sub­ject to forced mea­sures such as the con­fis­ca­tion of salaries or pen­sions or hav­ing their bank ac­counts frozen. Fur­ther­more, tax­pay­ers who have pre­vi­ously en­tered a 100-tranche pay­ment pro­gram older debts may be forced out of it as the law dic­tates the timely pay­ment of all their obli­ga­tions for them to stay in the scheme.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.