Installments of 15 euros only for those living with 300 euros a month

The minimum installment that will be paid by those that owe to the tax authorities will be calculated based on their annual income.

According to information, the circular that will be sent in tax offices provides that borrowers who declare economic weakness will be able to apply for a settling of even more than 48 installments under the following conditions:

-       have unpaid debts only before 2013

-       have filed all VAT returns in the last five years

-       they do not have other assets

They will be liable to request up to 100 monthly interest-bearing installments, but these will be calculated automatically by the annual net income they will state for 2012.

The installments will be a percentage of their net annual income, depending on the height at which it ranges. They will start at 5%, and will increase along with their income. Specifically:

-       for declared monthly income of up to 500 euros, the minimum installment will be 5%. For incomes of 300 euros or less, the installment cannot be less than 15 euros per month

-       from 500 to 1,000 euros per month, the minimum installment will be 6%, ie 30-60 per month

-       for 1,000-1,500 euros the installment will be 7% or 70-100 euros per month

-       for 1,500-2,000 and over the installment will be 8%, ie from 120 to 160 euros a month

-       for 2,000 to 10,000 euros, the lowest installment will amount to 10%

-       for over 10,000 euros, the minimum installment will be less than 12%.