Taxpayers in Greece can now take advantage of a significant new opportunity to settle their outstanding tax debts. Following a decision by the Governor of the Independent Authority for Public Revenue (AADE), Giorgos Pitsilis (A.1141/2026), and in line with measures introduced by Minister of National Economy and Finance Kyriakos Pierrakakis under Law 5313/2026, a new framework has been established allowing debtors to restructure and repay old overdue tax debts in up to 72 monthly installments.
A key requirement is that the debts in question must not already be included in any other active repayment arrangement at the time of application.
The 72-installment plan: six key eligibility criteria
The following conditions apply for enrollment in the new repayment scheme:
- Minimum monthly installment amount: €30.
- Certified debts must have become overdue on or before December 31, 2023.
- If the debts were previously included in an earlier arrangement, that arrangement must have lapsed by April 20, 2026.
- All income tax returns for the past five years (up to and including tax year 2024) must have been filed.
- No other unstructured overdue debts may exist after one month from the date of enrollment in the scheme.
- The applicant must not have a final criminal conviction for tax evasion or smuggling.
How to submit your application through AADE
Applications can be submitted digitally until December 31, 2026, through the myAADE digital portal by following this path: My Account → Debt Arrangements → Debt Arrangement Application (Law 5313/2026).
When does the arrangement take effect
The arrangement becomes active upon payment of the first installment, which must be made within three business days of the application submission date.
Where to get more information
For further information, taxpayers can contact the AADE Taxpayer Service Center (my1521). By phone: Call 1521, toll-free, Monday to Friday, 07:00–20:00.
Digitally: Through the my1521 platform (available 24/7), by selecting: Public Revenue Collection Issues → Arrangements – Debts / Arrangement Applications → Arrangement Application → Debt arrangements and payment.
Who is eligible for the new 72-installment scheme
A defining feature of the new scheme is that it does not cover all debts in the same way. Debts incurred up to December 31, 2023, are eligible for the 72-installment plan. By contrast, debts created or restructured from January 1, 2024, onward continue to fall under the standard 24-installment arrangement.
This distinction was introduced to prevent any incentive to abandon existing active payment arrangements. It also tempers expectations for those who had hoped for a single unified scheme covering all debts without any time restrictions.
Over 1.5 million debtors stand to benefit
According to data from the Ministry of National Economy and Finance, more than 1,500,000 individuals and legal entities with old unstructured debts predating 2024 are eligible to benefit from the new scheme.
The new arrangement does not replace the standard 24-installment plan but operates alongside it. This means the older portion of a debt can be paid off over six years, while the newer portion continues to be managed through the existing 24-month arrangement.
Three categories of debtors who stand to gain
The new arrangement is expected to be particularly beneficial for:
- Debtors with large outstanding amounts exceeding €150,000, who are looking to settle part of their obligations and avoid consequences such as being placed on the list of major debtors.
- Small and medium-sized debtors with debts ranging from approximately €2,000 to €50,000, as a significant portion of their liabilities may have originated before 2024 and can therefore be included in the 72-installment plan.
- Debtors with older debts that have already led to asset seizures. Those with relatively modest debts in the range of €3,000 to €5,000 have the option to immediately pay off one quarter of the debt and enroll the remainder in the 72-installment plan, thereby facilitating the lifting of enforcement measures.
What is the main benefit of this scheme
The most significant advantage of the new arrangement is the reduction in monthly payments on old debts, making overall debt repayment far more manageable. Depending on the proportion of debt incurred before 2024, the total monthly payment could be reduced by approximately 30% to 50%.
Examples of monthly installment reductions
- Total debt of €7,000: Of this, €5,000 consists of old overdue debts. The debtor can enroll €5,000 in the 72-installment plan and the remaining €2,000 in the 24-installment plan, bringing the total monthly payment down to approximately €171 instead of €310.
- Total debt of €4,000: Of this, €3,000 relates to pre-2024 debts. The combined monthly installment could drop to approximately €95, compared to €177 under the standard arrangement alone.
- A business with total debt of €300,000: With half of this consisting of old overdue debts, the combined use of the 72 and 24-installment plans could reduce the monthly payment from over €13,000 to approximately €9,000.
