Tax Workplace: 0.2% of debtors owe 82.3 out of 107 billion euros – Over 26 billion are thought of uncollectible – 2024-07-03 03:06:15

by times news cr

2024-07-03 03:06:15

Revealing information on overdue money owed to the tax administration and the Insurance coverage Funds are recorded in a particular chapter of the brand new quarterly report of the State Funds Workplace to the Parliament on the Greek economic system.

Based mostly on an important information obtained from the AADE, solely 0.2% of all tax administration debtors owe quantities over 1,000,000 euros, which correspond to 76.9% of all money owed, whereas 92, 2% of debtors owe quantities of as much as 10,000 euros, masking a complete of simply 3.6% of all money owed.

As well as, greater than 90% of the collections of the tax providers are drawn yearly from only one/4 of the whole money owed and particularly from probably the most “contemporary”, i.e. probably the most just lately licensed money owed. Additionally noteworthy is the truth that out of the whole overdue money owed to the tax authorities amounting to 107 billion euros, solely 4.6 billion euros have been included in partial cost preparations. Intimately, the AADE information present that:

Few owe probably the most and lots of the least
Debt quantities of greater than 1 million euros cowl 76.9% of the whole quantity of overdue money owed to the tax administration. Particularly, the sum of overdue money owed on this class amounted to 82.31 billion euros on 1-5-2024, whereas the whole of overdue money owed reaches 107 billion euros. The 82.28 billion euros are owed by simply 0.2% of all debtors, i.e. simply 9,425 pure and authorized individuals. Quite the opposite, 92.2% of the debtors, i.e. 3,662,723 debtors out of a complete of 4,285,145, owe solely 3.6% of the whole money owed, i.e. they owe solely 3.85 billion euros out of 107 billion euros of all overdue money owed!

The function of authorized entities in money owed of greater than 1 million euros continues to be vital, as they take part within the complete of those money owed by 69.3%, with their overdue stability on the finish of April 2024 reaching 57 billion euros. Accordingly, the variety of authorized entities that owe greater than 1 million euros reached 5,769, making up 61.2% of the variety of debtors on this class. Quite the opposite, 98.9% of money owed below 50 euros and 88.2% of money owed below 10,000 euros “come” from pure individuals. Accordingly, the variety of pure individuals who owe lower than 50 euros corresponds to 97.9% of the debtors of this class of debt, whereas for money owed of lower than 10,000 euros the variety of pure individuals was shaped on the finish of April 2024 at 3,883,892 individuals , masking 90.6% of all debtors on this case.

1/4 of the whole money owed are uncollectible
A share of 24.6% of the whole overdue stability, which corresponds to 26.3 billion euros, considerations money owed which can be categorised as uncollectible. These are money owed whose assortment is objectively not possible, based mostly on the circumstances outlined in article 82 of the Public Income Assortment Code (ND 356/1974). The most important a part of uncollectible money owed (as much as 65%) originates from fines and particularly from tax fines. It’s, in spite of everything, typical that 41.3% of the whole fines have been categorised as uncollectible. On the similar time, uncollectible money owed embrace tax money owed at a charge of 31.2% and non-tax money owed at a charge of three.9%.

59.6% of all overdue money owed to the tax administration have a tax origin
Solely 59.6% of the particular excellent stability, comparable to €48.1 billion, stems from tax money owed (direct and oblique taxes, property taxes, VAT, excise duties, and so forth.). The remainder of the precise arrears comes from different classes of debt, which have a low assortment charge. In accordance with AADE information, these embrace fines (fiscal and non-fiscal) which make up 30% of the particular overdue stability, as they attain 24.2 billion euros and non-fiscal money owed (loans, court docket prices, accruals, and so forth. .and so forth.), which represent 10.4% of the particular overdue stability, a share corresponding to eight.4 billion euros.

From 1/4 of all money owed, greater than 90% of the collections are made yearly
Bearing in mind that 8.7 billion euros of the tax money owed stem from bancrupt debtors and 12.6 billion euros concern money owed with installments due past the final decade, 26.8 billion euros of money owed stay of which, based on information from AADE, originates greater than 90% of the collections. In different phrases, virtually all collections come from simply 25% of the whole overdue stability.

Solely 4.6 billion euros are the money owed which have been included in partial cost preparations
Solely 5.7% of the particular overdue stability is in settlement, a share comparable to 4.5 billion euros. The best share of complete settled money owed (23.9%) is discovered within the vary of 500 to 10,000 euros, whereas inside this vary the share of settled money owed reaches 26.2% for quantities from 3,000 to five,000 euros.

Nonetheless, the charges differ between people and authorized entities. Particularly, the best share of settled money owed of pure individuals is discovered between 500 and 10,000 euros (24.1%) and reaches 26.5% for quantities between 2,000 and three,000 euros. Quite the opposite, authorized entities settle the next share (30.3%) of money owed belonging to the vary from 10,000 to 100,000 euros, whereas this share reaches 34.3% within the class of 10,000 to twenty,000 euros. Low debt settlement charges are discovered each in low quantities of debt (particularly below 500 euros) and in excessive quantities of debt (over 20,000 euros for pure individuals and over 150,000 euros for authorized entities).

Supply naftemporiki.gr

You may also like

Leave a Comment