Few respond to safe account call

Only a small number of citizens have responded to a call by the Finance Ministry to designate a bank account where deposits up to 1,500 euros cannot be confiscated against arrears to the state.

Of 3.38 million taxpayers with some form of arrears only 81,000 have done so since the process of designation began on July 29. According to the relevant provisions, pensions and welfare supplements are prioritized as sums that cannot be confiscated.

Taxpayers should access the ministry’s Taxisnet service at, in the “Services to Citizens” category, and print a certificate which they then have to take to the bank.

All banks are expected to be integrated into the system within next month. An application should then be made through Taxisnet, with the declaration of the designated bank account’s IBAN.

The ministry will update the bank, which will check the tax registration number corresponds with the IBAN and inform the taxpayer.