Greek Gov’t Tables Amendment Extending ‘Write-off’ of Tax Fines Until May 27



valavaniAn amendment tabled in Parliament by Greek Alternate Finance Minister Nadia Valavani on Tuesday extends until May 27 the closing date of a measure allowing tax-payers settling any portion of overdue tax debts to “write off” an equivalent amount in fines and added interest.

The measure would have expired on Monday but the extension means that the closing date now coincides with that of a measure allowing tax payers to enter into a settlement of past debts in up to 100 monthly installments. Effectively, this means that tax payers can pay off as much of the original debt as they are now able, writing off the equivalent amount of interest and fines, while the remainder of the debt can go into a 100-installment settlement scheme.
(source: ana-mpa)