ECONOMY

Debts to the state rose 847 million euros in Nov

Debts to the state rose 847 million euros in Nov

Taxpayers’ arrears to the state rose 0.82% to 107.5 billion euros in November, compared with October, although the number of debtors fell to 4,278,506 in November from 4,366,874 in October, the Independent Authority for Public Revenue said in a report on Friday.

In the 11-month period from January to November, new arrears to the state dropped to €5.786 billion, from €6.953 billion in the same period in 2019 (a decline of 16.78%), while new arrears reached €847 million in November, from €737 million in the same month the previous year (an increase of 15%).

New tax debts fell to €5.02 billion in the 11-month period, from €6.467 billion in 2019 (a decline of 22.37%). In November, new tax arrears rose to €751 million from €646 million in 2019.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.