Interest Rates on Tax Installment Plans Frozen Until March 2026

Interest rates for fixed installment plans will remain at the same levels for another year, providing relief to thousands of taxpayers. With an amendment by Minister of National Economy and Finance, Kyriakos Pierakis, the regulation for interest rates is extended for a third consecutive year, maintaining the cost of servicing regulated debts owed to tax authorities steady during a challenging period marked by inflation and high euro interest rates. Specifically, the interest rate for verified debts included in installment plans will remain unchanged until March 31, 2026, keeping the current rates applicable until March 31, 2025. This stabilization applies to both original and new installment plans, aiding debtors in meeting their obligations consistently. Interest rates are set at 4.34% for plans up to 12 installments and 5.84% for more than 12 installments. However, increased rates apply to those who lost previous arrangements and wish to re-enter a settlement: 5.84% for up to 12 installments and 7.34% for over 12 installments. The measure aims to prevent new waves of delinquent taxpayers unable to meet their tax obligations.