The Public Revenue Authority is proceeding with a new clearance of overdue debts to the Public Revenue Authority, including additional debts amounting to \u20ac6 billion in the category of “irrecoverable” by the end of 2026.<\/p>\n
According to the operational plan of the SADC, most of the debts to be transferred are large cases, as about \u20ac5.8 billion comes from debts of more than \u20ac1.5 million per case, while only \u20ac200 million corresponds to smaller debts.<\/b><\/p>\n
Based on the latest available data (March 2026), total arrears to the tax administration amount to 114.516 billion euros.<\/b> Already, an amount of 35.264 billion euros, i.e. 30.8% of the total, has been classified as irrecoverable. With the addition of \u20ac6 billion by the end of the year, the relevant balance is estimated to reach \u20ac41.264 billion, exceeding 36% of total debts.<\/p>\n
Unrecoverable debts are debts for which all available means of collection and all enforcement procedures have been exhausted but, despite the repeated efforts of the competent services, remain uncollected for decades.<\/b><\/p>\nThe criteria<\/h3>\n
The current institutional framework, as defined by the Code for the Collection of Public Revenues (CCR)<\/b>, sets out specific conditions for this designation. Among others, it requires the completion of investigations without identifying assets, the establishment of an objective impossibility of collection, as well as criminal prosecution where provided for or the establishment of impossibility of prosecution.<\/p>\n
A special reasoned audit report by a competent AADE auditor is also required, certifying that the relevant conditions have been met in each such case.<\/b><\/p>\n
As a result of amendments introduced in the CEDE in 2025, the criteria for inclusion were broadened, allowing for the classification of debts as bad debt even when assets exist, subject to strict conditions. In particular, the value of the debtor’s and co-debtors’ immovable property may not exceed 5% of the basic debt and in any case EUR 100,000, while a limit of EUR 30,000 is set for movable property.<\/b> Alternatively, if the property exceeds EUR 100,000, only the balance of the debt after deducting an amount corresponding to twice the value of the assets may be classified as uncollectible.<\/p>\n
Special provisions also apply to cases of companies that have been in liquidation or bankruptcy for a long period of time, as well as to debts of deceased taxpayers without assets and without acceptance of inheritance by their legal heirs.<\/p>\n
This procedure aims to establish the true picture of recoverable debts, separating the amounts for which, in practice, it is now considered impossible to collect, from those for which there is a substantial chance of recovery.<\/p>\n
However, debts included in the special books of irrecoverable debts are not written off, but remain recorded for a period of ten years, after which they are reviewed.<\/b> During this period, the statute of limitations is suspended and debtors cannot obtain a tax notice – only a debt certificate.<\/p>\n
At the same time, bonds may be imposed on bank and investment accounts, as well as on safe deposit boxes<\/b>, while the state reserves the right to revert to enforcement measures or set-offs if new assets are found or the debtor’s financial situation changes.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Independent Public Revenue Authority is proceeding with a new clearance of overdue debts to the state, including additional debts of 6 billion euros …<\/p>\n","protected":false},"author":1,"featured_media":10116,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-10115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"_links":{"self":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/10115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10115"}],"version-history":[{"count":0,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/10115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/media\/10116"}],"wp:attachment":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}