New debt may reach 12-13 bln

Amount owed by tax­pay­ers and busi­nesses al­ready close to 5.5 bln, ex­pected to rise fur­ther by end of year

Kathimerini English - - Focus - PROKOPIS HATZINIKOLAOU

The amount of money that tax­pay­ers owe to the state soared by 5.47 bil­lion eu­ros in the first half of the year, ac­cord­ing to the lat­est of­fi­cial data made avail­able.

Mean­while, au­thor­i­ties are or­der­ing about 900 con­fis­ca­tions a day in an ef­fort to re­coup the money owed by Greeks.

Ac­cord­ing to data pub­lished by the In­de­pen­dent Author­ity for Public Rev­enue, about 3.8 mil­lion in­di­vid­u­als and busi­nesses owe the Greek state a to­tal of more than 95 bil­lion eu­ros. This amount is in­creas­ing ev­ery month as tax­pay­ers can­not meet their obli­ga­tions and are leav­ing taxes un­paid.

When one takes into ac­count the fact that one in three tax­pay­ers who had to pay in­come tax failed to make the end-July deadline for the first in­stall­ment, it be­comes clear that things aren’t look­ing too promising for public rev­enues.

Fi­nance Min­istry of­fi­cials ex­pect that to­tal over­due debts will grow in the com­ing months as a re­sult of the ex­tra obli­ga­tions that are kick­ing in now, namely in­come tax and the ENFIA prop­erty levy.

The min­istry of­fi­cials ex­pect that the ex­tra debts which will be racked up this year will rise from 5.47 bil­lion eu­ros to around 12-13 bil­lion by the end of the year. How­ever, they are also pre­dict­ing that there will be a rise in the amount col­lected from over­due debts. They be­lieve that au­thor­i­ties may man­age to gather some 4 to 5 bil­lion eu­ros this year.

Tax of­fices are con­fis­cat­ing the pen­sions and bank de­posits of around 900 peo­ple or busi­nesses a day to as part of their ef­fort to col­lect over­due debts. Since the be­gin­ning of the year, 112,058 con­fis­ca­tions have been car­ried out. Al­most 20,000 of those came in June.

Ac­cord­ing to the data pub­lished 1.1790 by the In­de­pen­dent Author­ity for Public Rev­enue yes­ter­day, of a to­tal 95.6 bil­lion eu­ros in over­due debt, 90.1 bil­lion was cre­ated be­fore the start of this year, and a to­tal of 951,114 mil­lion tax­pay­ers have had money seized by au­thor­i­ties.

The data also show that from a to­tal of 3.8 mil­lion debtors, roughly 2.4 mil­lion owe the state be­tween 1 and 500 eu­ros, amount­ing to just 340 mil­lion eu­ros.

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