72-installment regulation: Low application rates, 'fresh debts' pose challenge, conditions need review

Debtors have so far kept their distance from the newly introduced 72-installment payment regulation. The deadline for submitting applications is December 31, 2026, yet the response remains limited. Market insiders are urging for corrective actions to expand the reach of this debt settlement option.

The regulation allows for all debts owed to the Tax Administration to be included. However, a significant hurdle appears to be the 'fresh debts' condition, which may be deterring potential applicants. This condition likely refers to recent or ongoing tax obligations that might not be eligible under the current terms, creating a barrier for those hoping to consolidate their financial obligations.

Factors within the market are suggesting that modifications are needed to make the plan more accessible. Without adjustments, the regulation may fail to achieve its intended goal of providing widespread relief to taxpayers struggling with outstanding debts. The limited uptake indicates a need for a review of the eligibility criteria and overall structure of the 72-installment plan.