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72-installment debt settlement opens: Which debts are eligible - The six key points
🇬🇷 Greece /Economy & Trade

72-installment debt settlement opens: Which debts are eligible - The six key points

From Ta Nea · () Greek

Translated from Greek, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Greek taxpayers can now settle old debts in up to 72 monthly installments under a new regulation.
  • The measure applies to debts that became overdue by December 31, 2023, and were not already under a different payment plan.
  • The digital application process is open until December 31, 2026, with the first payment due within three business days of application.

Greek taxpayers now have a significant opportunity to settle outstanding debts through a new regulation allowing payments in up to 72 monthly installments. This measure, implemented by the Independent Authority for Public Revenue (AADE) governor George Pitsilis, is part of broader efforts by the Minister of National Economy and Finance, Kyriakos Pierrakakis, to address private debt.

A significant opportunity for taxpayers to settle old debts is now available.

— Ta NeaIntroduction to the new debt settlement regulation.

The regulation, enacted through law 5313/2026, specifies the procedure for debtors to manage and pay off old overdue debts. A key condition is that the debts must not be currently part of another settlement plan when the application is submitted. The minimum monthly installment has been set at 30 euros.

Minimum monthly installment: 30 euros

— Regulation DetailsSpecifying the minimum payment amount.

Key provisions of the 72-installment plan include that debts must have become overdue by December 31, 2023. If a debt was previously under a settlement, that plan must have been lost by April 20, 2026. Applicants must have filed all income tax returns for the last five years, up to the 2024 tax year. Additionally, debtors must not have other unregulated overdue debts one month after joining the new plan, and must not have an irrevocable conviction for tax evasion or smuggling.

Overdue debts must have become overdue by December 31, 2023

— Regulation DetailsDefining the timeframe for eligible debts.

Applications can be submitted digitally via the myAADE portal until December 31, 2026. The settlement becomes effective upon payment of the first installment, which is due within three business days of application submission. This initiative is expected to provide relief to approximately 1.5 million debtors with overdue contributions to the EFKA (Unified Social Security Fund), covering a substantial portion of the total debt owed to social security funds.

If previously under a settlement, that plan must have been lost by April 20, 2026

— Regulation DetailsConditions for previously settled debts.
DistantNews Editorial

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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