Debt repayment set for boost

The Finance Ministry is looking at ways of making the 120-installment scheme for settling debts in taxes and social security contributions more attractive, with sources suggesting that a foreign expert may be brought in to help lure more debtors and bolster state coffers.

Talks with the country's creditors regarding the tax bill that is to be tabled in Parliament in the next few days are ongoing, meanwhile, with sources saying that the changes the new government plans to introduce will be broken down into three bills. The first will introduce reductions on the taxes of households and corporations, and on the Single Property Tax (ENFIA), as well as the changes to the debt repayment scheme. The second draft law will concern changes to tax procedures and will be submitted along with the 2020 budget, while the third will pertain to online transactions and value-added tax. That...

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