Unpaid tax hits €110 billion in Greece

Tax arrears successful Greece person reached much than €110.8 cardinal (A$196.2 billion), according to To Vima, ProtoThema, and different media outlets citing authoritative information from the Independent Authority for Public Revenue (AADE). The figures overgarment a representation of a increasing fiscal situation for some households and businesses.

From mid–2024 to mid–2025, unpaid taxes roseate sharply, pushing the total of overdue obligations to €110.8 billion (A$196.2 billion). Of this, €26.35 billion (A$46.7 billion) is seen arsenic uncollectible owed to bankruptcies, deaths, oregon untraceable debtors. This leaves astir €84.45 billion (A$149.5 billion) successful progressive collectible debt.

Only a small fraction of that indebtedness — astir €3.62 billion (A$6.4 billion) — is presently under repayment arrangements, meaning the bulk of liabilities stay unpaid.

The debtor situation

The fig of debtors continues to climb. According to reports, there are present implicit 4.24 cardinal individuals and companies owing wealth to the state — an summation of astir 470,000 successful conscionable portion of the past year alone. Among them:

1,594,218 are under enforced postulation measures such arsenic plus seizures oregon slope relationship freezes.

2,230,160 look imminent hazard of such measures.

Just 9,830 debtors clasp implicit 70 per cent of the total debt, highlighting a attraction of liabilities among a small fig of ample defaulters.

Income tax arrears are a important operator of this increase, with tens of thousands of taxpayers recently added to the debtor database each year.

Government measures and repayment plans

In effect to the increasing arrears crisis, the Ministry of National Economy and Finance has signalled a frost connected involvement rates for repayment arrangements until March 2026. While precise figures for these rates vary crossed reports, astir mention measures designed to marque repayment much manageable, including:

Allowing some income tax and the Single Property Tax (ENFIA) to beryllium included successful instalment plans.

Offering repayment periods of up to 24 oregon 48 months depending connected the type of indebtedness (e.g., inheritance tax oregon customs–related debts).

Setting a minimum monthly repayment of €30 (A$53.23), with instalments owed astatine the extremity of each month.

Officials accidental such measures purpose to easiness the load connected taxpayers while preventing further escalation of arrears.

Crackdown connected large debtors

In a abstracted move, the AADE plans to people a database of large defaulters (those owing implicit €150,000 / A$266,175) by June 30, 2025, giving them a window to settee their debts earlier their names are made public. This “name–and–shame” attack is intended to enactment unit connected high–value debtors and amended postulation rates. The database will exclude debts already under regularisation oregon ineligible suspension.

Balancing indebtedness alleviation and growth

Alongside indebtedness betterment measures, the Ministry of Finance is pursuing caller authorities to bolster investment. From March 31, 2025, proposals include:

– Greater tax deductions for listing costs of small and medium–sized enterprises (SMEs).

– Expanded angel capitalist alleviation for investments successful approved ventures.

– These measures purpose to stimulate the superior marketplace and make an situation much conducive to growth, while tackling the load of overdue tax debts.

While the authorities seeks to equilibrium alleviation and enforcement, economists warn the situation remains immense. Tax arrears successful Greece person been a long–standing issue, with overmuch of the indebtedness unlikely to beryllium collected. The latest reports amusement that, without decisive action, overdue obligations could proceed to grow, placing further strain connected nationalist finances.