The is set to collect the second installment of the for the this Thursday, 5 November. This payment represents the final 40% of the total tax due for those who opted to split their liability following the June deadline.
must ensure sufficient funds are available in their bank accounts for the direct debit. Failure to meet this payment results in the loss of installment privileges, triggering an executive procedure and the immediate end of the voluntary period.
Missing the deadline incurs a 10% surcharge if paid before formal notification. However, an enforcement order raises this to 20% plus interest. Around 60% of taxpayers currently use this split method, while others pay in full or seek longer deferrals.