Businesses have been granted more time to pay outstanding tax bills to Revenue at a discounted rate of interest.
The decision comes as a spokeswoman for the tax office said there had been strong demand for the incentivised repayment programme, with €46 million of outstanding business taxes now covered by it.
A measure in the July stimulus package allowed companies to warehouse Covid tax debt, deferring payment until their businesses reopened and then availing of reduced interest rates. But it also provided a special amnesty on earlier non-Covid tax debt even where this had not been previously disclosed.
This amnesty allowed for an interest rate of 3 per cent to apply to outstanding tax debt once the business entered a phased payment agreement with Revenue.
Companies had to put the arrangement in place by September 30th to qualify. However, Revenue has now extended this deadline to the end of October.