ATHENS: Greek Finance Minister, Nadia Valavani specified in a press conference that the government has planned to implement a new program to help tax payers meet their tax obligations, by offering them to cut existing debts and lowering the cap for the minimum payment.
All currently outstanding debts which were incurred before the end of the 2013 year will be slashed by 50 percent, if the taxpayer can pay the remaining amount as a once-off payment, or in a scheduled series of payment with a minimum first payment of EUR 200.
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Further, all taxpayers with debts outstanding at the end of the 2014 year will be eligible to spread their debts over 100 separate payments, with significantly reduced payments amounts.
Explaining the benefit of the eased payment requirements, the deputy Minister said that “…helping people that can only pay even just €20 a month will have a positive fiscal result so I cannot see why anyone would object to this.”
Nadia Valavani also indicated that low-income individuals who are unable to make even the most minimal of payments will see extra reprieves, and homeowners with outstanding property taxes will enjoy some protection from foreclosure procedures.
