Faced with seizures are millions of taxpayers who have open accounts with the IRS.
The government with the private debt pool inflated and over 240 billion euros activates the package with the new interventions by clearing the way for new multi-dose arrangements, while strengthening the protection of bank deposits.
Foreclosures
The new arrangements concern more than 1.5 million debtors of the IRS, the EPCA, banks and servicers, who will have the opportunity to avoid seizures of bank accounts and other assets and to impose forced debt recovery measures.
In particular, the irrevocable amount of bank deposits from EUR 1,250 to EUR 1,600 was increased for all debts to the State and banks.
The increase in unrestrained EUR 350 means that more than half of salaries, pensions, rents and other income will remain immune to forced recovery measures, even when there are outstanding debts.
If declared unrestrained the amounts up to the new limit cannot be seized by the AADE, the ICCA or credit institutions.
The rules
The basic rules applicable to the irrevocable account are as follows:
- Any natural person can declare a single individual or joint bank account as irrevocable and only in one bank.
The protected amount is increased from EUR 1,250 to EUR 1,600 per month, provided that the account (IBAN) has been electronically declared to the ADE. If the balance exceeds the limit, the additional amount may be confiscated.
-The statement is made through the electronic platform of AADE using personal Taxisnet codes.
Where salaries, pensions or insurance benefits are paid to a particular account, this is the account to be declared irrevocable.
-In the joint accounts the irrevocable amount of EUR 1,600 applies separately to each syndicater, but only if everyone has declared the same account as irreversible. Otherwise, there is a risk of freezing even amounts lower than the threshold, as the balance is considered to belong equally to the trade unions. Thus, for example, in a joint account where a pension of EUR 1,000 is credited, if one partner has not made the relevant statement, the bank may commit the EUR 500 that it receives.
-In cases where the beneficiary receives remuneration or pensions from more than one institution, the irrevocable amount shall be calculated in the total amount of the monthly appropriations.
-There is also a one-off possibility of withdrawing a bank account if the debtor pays 25% of his debt and regulates the other guaranteed debts to the tax administration.
Source: ot.gr
