Slight decline in expired debts

The total volume of citizens' expired debts to the tax authorities declined slightly in November compared to the month before, data from the Independent Authority for Public Revenue showed on Thursday.

This reduction is mainly due to the fact that a number of old debts have been written off as impossible to collect.

Data show new tax debts of 646 million euros were created in November. There was also an increase in the number of debtors that month.

Against the backdrop of the program for settling debts in up to 120 tranches, the positive news is the slowdown in the creation of new expired debts, as new debts had amounted to 801 million euros in November 2018.

New debts are deemed to be those created over the course of the same year - i.e. from January to November 2019: They amounted to some 6.5 billion euros, far below the amount recorded a year earlier,...