The scheme covers income tax, VAT, special defence contribution, immovable property tax, capital gains tax, stamp duties, special contribution for employees, pensioners and self-employed persons, and inheritance tax.

The repayment scheme introduced allows 54 monthly instalments for tax obligations below €100,000, and 60 monthly instalments where the obligations exceed €100,000. The tax commissioner has been provided with the discretion to rule on discounts on interest and penalties on a case-by-case level.

Interested parties must submit an application within 3 months of the date on which the new law becomes effective. The date of implementation has not yet been determined. Official announcement will follow.

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