72 Installment Debt Settlement in Greece is now available for taxpayers and businesses seeking to regulate outstanding liabilities and restore tax and social security compliance.
72 Installment Debt Settlement Greece is now available for taxpayers, self-employed professionals and businesses seeking to regulate outstanding liabilities owed to AADE and EFKA.
The new arrangement provides an important opportunity for individuals and companies that have lost previous repayment plans or are struggling with overdue liabilities, allowing repayment through up to 72 monthly installments.
The scheme is expected to help thousands of taxpayers improve their financial position while regaining tax clearance and social security clearance certificates.
Which debts can be included in the 72 Installment Debt Settlement Greece scheme?
Eligible debts may include overdue liabilities owed to:
- AADE (Greek Tax Authority),
- EFKA (Social Security Fund),
- KEAO (Center for the Collection of Social Security Debts),
provided that the legal eligibility criteria are met.
The scheme mainly targets older overdue debts, while current tax and insurance obligations must continue to be paid normally.
Who can apply for the new 72 installment scheme?
Eligibility is expected to include:
✔ Individuals with overdue tax or social security liabilities
✔ Businesses and legal entities meeting the required conditions
✔ Self-employed professionals with outstanding tax or insurance debts
✔ Farmers and freelancers with EFKA liabilities
Who may not qualify?
Certain categories may remain outside the new arrangement, including:
- Debts already included in active repayment arrangements,
- Taxpayers with outstanding tax return obligations,
- Businesses currently undergoing bankruptcy proceedings.
How does the application process work?
Applications are submitted electronically through the AADE and KEAO online platforms.
The process includes:
- Verification of overdue liabilities.
- Confirmation of eligibility requirements.
- Selection of the preferred number of installments.
- Submission of the electronic application.
- Payment of the first installment to activate the arrangement
Interest rate and key conditions
The new arrangement includes:
- An annual interest rate of 5.84%,
- A minimum monthly payment of €30.
In order to maintain the arrangement, taxpayers must:
- Pay installments on time,
- Submit all required tax returns,
- Avoid creating new overdue liabilities.
Failure to comply may result in the loss of the arrangement and the reactivation of enforcement measures and penalties.
What must be settled before applying?
One of the most important conditions of the scheme is that more recent liabilities arising from 2024 onwards must be settled before the application is submitted.
This can be achieved either through:
- Full repayment,
- Through the standard 24 or 48 installment arrangements.
If newer overdue debts remain unpaid or unregulated, the application for the 72 installment arrangement may not proceed successfully.
Is the 72 installment arrangement always the best option?
Not necessarily.
For businesses and taxpayers with larger debt exposure, the Greek Out-of-Court Debt Settlement Mechanism may provide more favorable terms, including:
- Up to 240 installments,
- Lower interest rates,
- Partial debt write-offs under certain conditions.
| Criteria | 72 Installments | Out-of-Court Mechanism |
|---|---|---|
| Maximum installments | 72 | 240 |
| Interest rate | 5.84% | Approximately 3% |
| Debt haircut | No | Up to 28%+ |
| Speed of process | Faster | More time-consuming |
| Best suited for | Medium-sized debts | Large debt exposure |
Frequently Asked Questions
Can I apply if I lost a previous repayment arrangement?
In many cases, the new framework offers a second opportunity for taxpayers and businesses that lost previous debt arrangements, provided the eligibility criteria are met.
Will I regain tax and social security clearance?
Successful participation and compliance with the arrangement may allow taxpayers to regain both tax clearance and social security clearance certificates.
Is the 72 installment arrangement always the best solution?
No. Businesses with significant liabilities may benefit more from the out-of-court mechanism due to longer repayment periods and possible debt reductions.
Conclusion
The 72 Installment Debt Settlement Greece framework represents an important opportunity for businesses and individuals seeking to restore tax and social security compliance.
However, before proceeding, it is essential to evaluate whether the 72-installment scheme or the out-of-court mechanism provides the most beneficial solution based on the size and structure of the debt portfolio.
Need assistance with debt restructuring or tax compliance in Greece?
The specialists at Link Consulting can evaluate your case and recommend the most suitable solution for your business or personal liabilities.
Contact our team today at +30 2310 285861.
If you are considering the 72 Installment Debt Settlement Greece option, our specialists can evaluate your case and recommend the most suitable solution.
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