The publication of Greece’s major tax debtors list has been postponed to February 2027, as the government has decided to give taxpayers with “red debts” a second chance to take advantage of the new 72-installment settlement plan and clear their dues before their names go public.
The 72-installment plan puts the major debtors list on hold
The list of major tax debtors was originally scheduled to be published on June 30 on the Independent Authority for Public Revenue (AADE) portal. However, the activation of the new debt settlement scheme has reshuffled that plan, pushing the publication of the list to early 2027. The development concerns both individuals and legal entities with overdue debts exceeding €150,000 owed to the tax authority or social insurance funds. It opens a new window of opportunity for those eligible to enroll in the 72-installment plan, settle their debts, and remove their names from the list before it becomes public.
It is worth noting that the new settlement plan applies to debts that were incurred and certified up to December 31, 2023. Interested parties have until the end of the year to submit their applications, as the platform will remain active until December 31, 2026. An extension is also not ruled out, depending on the volume of applications, as debtor interest has so far remained subdued.
For now, the attention of the economic team is focused on how many major debtors will rush to take advantage of the 72-installment window. According to data from the Independent Authority, processed by the State Budget Office in Parliament, 10,379 taxpayers owe the tax authority a staggering €86.537 billion — more than €1 million each — out of a total overdue debt of €114.57 billion.
At the same time, only 6.83% of the actual overdue balance (€79 billion) is currently under a settlement arrangement, corresponding to €5.39 billion. The highest share of total restructured debts (18.65%) is found in the €10,001–€100,000 range, with the settlement rate reaching 19.82% for amounts between €20,001 and €50,000.
Differences between individuals and businesses
However, settlement rates differ between individuals and legal entities. Specifically, the highest rate of restructured debts among individuals is found in the €500–€10,000 range (17.05%), peaking at 19.87% for amounts between €2,000 and €3,000. Legal entities, on the other hand, settle at a higher rate (27.09%) for debts in the €10,001–€100,000 range, with that figure climbing to 29.27% in the €10,001–€20,000 category.
Low debt settlement rates are observed both at the lower end of the debt scale — particularly for amounts below €500 — and at the higher end, specifically above €50,000 for individuals and above €300,000 for legal entities.
