The Treasury will forgive outstanding debts less than this amount


Good news for people who have outstanding debts with the Treasury. Late payments with State Tax Administration Agencyless than three euros on June 1, 2022, will be canceled and terminated of accounting, according to a joint resolution of the General Intervention of the State Administration and the General Directorate of the Tax Agency, published this Tuesday in the Official State Gazette (BOE).

In the aforementioned resolution, which will be applicable fifteen days after its publication in the BOE, the cancellation is agreed and they are derecognized in accounting all those liquidations in which there is a debt pending collection for an amount of less than three euros, with respect to which the collection management will not continue for “strictly economic” reasons, since its amount is “insufficient” to cover the cost which represents your collection.

Why will the Treasury forgive debts of less than three euros?

According to the State Intervention and the Tax Agency, the purpose is none other than to avoid collection actions that presuppose a “no profit” for the Public Treasury or for the fulfillment of the purposes entrusted to the Public Administration. “This is the case of liquidations whose levy generates costs that are higher than the resources that could potentially be derived from those,” they stress.

For all this, are canceled and derecognized of all those liquidations corresponding to public law resources of the State Public Treasury collected by the State Tax Administration Agency, from which a debt pending collection for an amount of less than three euros results.


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