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Tuesday, October 26, 2021

From 2022, the frozen accounts of public debtors are "thawing"

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In the gradual, and under certain conditions, release of their bank accounts that were pledged for debts to the public, the Ministry of Finance proceeds from the beginning of 2022 in order to enable consistent taxpayers to gain liquidity and settle any of their obligations, including current liabilities to the tax office.

Prerequisite for the removal of the blocked account to normally pay the installments of the arrangement they have chosen.

Based on a current regulation that has been "frozen" until today, the current limit of unsecured account of 1.250 euros will be increased by the sum of the amounts of the last two monthly installments paid, after being multiplied by specific rates.

Thus, in order to exceed the unseized limit over 1.250 euros, taxpayers with debts to the State should:

-To have settled their current debts and to have been preceded by the payment of two installments of the arrangement.

-To declare the bank account for which the seizure is requested to be lifted.

-To consistently pay the installments of the regulation, as otherwise the is lost

benefit of the gradual release of the account.

According to the regulation

- The taxpayer with a frozen bank account after being subject to regulation will have to pay two installments of his regulated debts in order to be able to request an increase of the unsecured limit in the third month.

- The calculation basis takes into account the sum of the monthly installments. To this amount is applied the first rate 3 which gives the new amount of the unseized account. For example, if the monthly installment amounts to 500 euros with the start of the new procedure, the debtor will earn an unseized limit of 1.500 euros (500x3) from 1.250 euros that applies to everyone. There is a result of 40 euros (120x50) which is less than the amount of the unsecured account which is 3 euros.

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