Increased to 50,000 euros, the exempt limit for providing collateral to defer or installment payment of debts.

Order HFP/311/2023, issued on March 28, 2023, and effective from April 15, 2023, is a regulation that modifies the exempt limit for the obligation to provide collateral in applications for deferment or installment payment. This order raises the exempt limit from 30,000 euros, established by Order HAP/2178/2015, to 50,000 euros.

Prior to the enforcement of this new order, if an individual or entity requested a deferment or installment payment for an amount equal to or exceeding 30,000 euros, they were required to provide collateral to support the request. However, with Order HFP/311/2023, that limit is increased to 50,000 euros, which means that deferment or installment payment requests below that amount no longer require the provision of collateral, as specified in Article 2 of the Order.

As subsequently stipulated by Order HFP/583/2023, dated June 7, which came into effect on June 11, 2023, the same situation applies to debts derived from assigned taxes whose collection management is the responsibility of the autonomous communities, with the limit also set at 50,000 euros.

What is the objective of this modification?

To facilitate access to deferments and installment payments for a greater number of taxpayers. This allows those with debts below 50,000 euros to benefit from these facilities without having to provide collateral, thereby reducing administrative burden and simplifying the process.