New uncontrollably wage and pension levels for debts to the State
Clarifications on the new uncontrollably wage levels and pensions of public debts gives Circular of the General Secretariat of Public Revenue. This new uncontrollably limits applicable from August 19th base of the Implementation Act that was passed in the House.
Although currently seizures have frozen ratio of capital controls the new limits are as follows as described in the Circular:
the limit of amount unseizability wages, pension and insurance aids in government borrowers is 1,000 euros from 1,500 euros in the preceding regime
for amounts above 1,000 euros and 1,500 euros to allow the confiscation of over 50% of these
- For amounts over 1,500 euros allow the confiscation of the total of the excess amount of 1,500 euros
indiscriminate amount of deposits of individuals in institutions in a single individual or joint account and in a single credit institution has declined apo1.500 euros to 1,250 euros per month.
exempt from seizure in the hands of third party claims for wages, pensions, and any kind of protective aids paid periodically if the amount of such month, net of taxes, is less than 1,000 euros. Where more than the amount permitted seizure for debts to the State for 50% of the excess amount of 1,000 euros and up to € 1,500 euros, while for amounts over 1,500 euros allow the confiscation of the total of the excess amount .
The circular specifies that if the debtor receives the State pension, salary or insurance device from two or more bodies for the enforcement of seizure, taking into account the total amount thereof.
Clarifications on the new uncontrollably wage levels and pensions of public debts gives Circular of the General Secretariat of Public Revenue. This new uncontrollably limits applicable from August 19th base of the Implementation Act that was passed in the House.
Although currently seizures have frozen ratio of capital controls the new limits are as follows as described in the Circular:
the limit of amount unseizability wages, pension and insurance aids in government borrowers is 1,000 euros from 1,500 euros in the preceding regime
for amounts above 1,000 euros and 1,500 euros to allow the confiscation of over 50% of these
- For amounts over 1,500 euros allow the confiscation of the total of the excess amount of 1,500 euros
indiscriminate amount of deposits of individuals in institutions in a single individual or joint account and in a single credit institution has declined apo1.500 euros to 1,250 euros per month.
exempt from seizure in the hands of third party claims for wages, pensions, and any kind of protective aids paid periodically if the amount of such month, net of taxes, is less than 1,000 euros. Where more than the amount permitted seizure for debts to the State for 50% of the excess amount of 1,000 euros and up to € 1,500 euros, while for amounts over 1,500 euros allow the confiscation of the total of the excess amount .
The circular specifies that if the debtor receives the State pension, salary or insurance device from two or more bodies for the enforcement of seizure, taking into account the total amount thereof.
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