ECONOMY

Failure to open online gate leads to debt plan extension

The Finance Ministry has decided to put the deadline for applications to participate in the payment program for debts to the state back by one month even before the scheme has been activated.

An amendment tabled on Wednesday in Parliament authorizes Finance Minister Yanis Varoufakis to extend the applications deadline for those wishing to enter the program for the payment – in a lump sum or in tranches – of debts to the state by up to one month. This means that the existing application deadline of April 27 could be extended up to May 26.

The extension was decided on due to the ministry’s inability to activate the online platform that would allow taxpayers to apply to enter the debt settlement program.

The plan means taxpayers will not have to pay penalties and fines equal to the first installment they make to authorities, as long as it is more than 200 euros.

May 27 is the deadline set for applications for the 100-installment payment program that provides for the write-off of 30 to 90 percent of fines and penalties depending on the number of installments chosen. Payment in a lump sum secures the scrapping of all fines and penalties.