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Do interest-free instalments on cards establish entitlement to tax deduction?

For purchases made with cards in interest-free instalments, only the instalments debited in the current financial year will be eligible for establishing entitlement to tax deduction. The remaining instalments will be calculated in next year's tax deduction.

For example, if a Customer buys clothing items worth Euro 200 payable in four (4) interest-free instalments, the first two of which are debited within the year, then the calculation of the tax deduction for the current year will include the amount of these two instalments, i.e. Euro 100. The next two instalments will be calculated in next year’s tax deduction.

Secure electronic transactions
The security of your transactions is our priority. We ask our Customers to follow the guidelines for the security of electronic transactions provided by Alpha Bank, especially at this time that phishing attacks have significantly increased.

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