Interest on arrears

Pursuant to Article 5 of Delegated Decree No. 12/2024, the Tax Collector's Department, after the expiration of the terms provided for in Article 14 of Law No. 70/2004, on the amounts entered into the Roll that are not included in a repayment plan and do not constitute interest, penalties or for which the true fate of the debt is not itself interest on arrears or penalties, from the date of the due date of the Tax Collection Notice and until the date of full payment of the amount due, applies interest on arrears equal, for each calendar semester from July 1, 2024, to the greater of the legal interest rate plus two percentage points and the average of the twelve-month Euribor rate recorded in the previous semester plus three percentage points.

The diagram below shows the value of the current late payment allowance and the changes that have occurred from time to time.