Debtors beware! Grace period for debt repayment due to capital controls has ended

The General Secretariat of Public Revenue announced late on Monday announced that taxpayers should seek to enter a debt settlement of up to 24 installments as the period of grace they had been offered in paying off debt due to capital controls has lapsed. The only parties protected are those who yield less than 1,250 euros per month.

The postponement of debt repayments and safety from confiscations due to capital controls expired on November 1, 2015.