Planning your payments is key to avoid late interest

If you are unable to pay your tax debts before the deadline, then be aware that late payment interest may apply. However, an adequate planning can help you avoid such additional fees. The current annual interest rate is 4% (applies to all amount above five euros per month).

  • Short-term solution: request a payment plan

    If you are experiencing temporary financial difficulties, you can request a short-term payment plan with a due date of up to four months (from the date of the payment notification). This action, simple and without formalities, will allow you to benefit to a due date adapted to your personal situation. But some conditions must be met:

    • Submit your application before due date of your tax debt.
    • Ensure that there are no other outstanding debts with the FPS Finance.
    • If you are a business or self-employed, remain compliant with your current tax obligations.

  • Medium-term solution: extend your payment plan

    In some cases, a payment plan can be granted to a period up to 12 months (from the date of payment notification). This option requires a prior financial review by the FPS Finance assessing all your income and expenses.

  • Act now to reduce your tax burden

    Do not let your financial difficulties become a permanent burden. Explore all options available and act today in order to secure your financial situation.

See also