Overdue tax debt hits all-time high of 60 bln euros in July

Overdue debt by individual taxpayers and enterprises to the state surpassed 60 billion euros at the end of July, hitting an all-time high, official figures showed on Friday.

A report by the Finance ministry's general secretariat of Revenues showed that overdue debt totaled 60.181 billion euros in July 31, up 407 million euros from the previous month and by around 4.1 billion euros since the start of the year (56.105 billion euros).

The report said that most overdue debt were fines (22.018 billion euros), unpaid VAT (13.463 billion euros) and unpaid income tax (10.662 billion euros), followed by indirect tax fines (2.573 billion euros). Registration duties recorded the biggest percentage increase (up 9.0 pct to 126.371 million euros). The report said that a total of 2.0 million taxpayers and around 170,000 enterprises have overdue debt to the state, while regulated debt totaled 1.55 billion euros