Regulation No. 2026-02: Update to the Regulation on Procedures for Feeding and Maintaining the Debtor Registry

THE GENERAL DIRECTOR OF THE CENTRAL BANK OF THE REPUBLIC OF SAN MARINO

HAVING REGARD TO Article 2 of Law 30 July 2018 No. 93, as amended by Article 23 of Law 30 May 2019 No. 88;

HAVING REGARD TO Law 29 June 2005 No. 96 and subsequent amendments (Statute of the Central Bank of the Republic of San Marino);

HAVING REGARD TO the resolution of the Board of Directors of 27 February 2026, by which the text of the Regulation of the Central Bank of the Republic of San Marino entitled "Update to the Regulation on Procedures for Feeding and Maintaining the Debtor Registry" was approved,

HEREBY ISSUES

the attached Regulation No. 2026-02, which enters into force on today's date.

San Marino, 27 February 2026 Signed: THE GENERAL DIRECTOR Dr. Andrea Vivoli

Central Bank of the Republic of San Marino Regulation No. 2026-02 Update to the Regulation on Procedures for Feeding and Maintaining the Debtor Registry 2019-02

INDEX

PART I GENERAL PROVISIONS ......................................................................................................................... 3 TITLE I LEGISLATIVE SOURCES AND DEFINITIONS ................................................................................................. 3 Article I.I.1 - Legislative Sources................................................................................................................................................................................ 3 Article I.I.2 - Definitions........................................................................................................................................................................................ 3 TITLE II OBJECTIVES AND STRUCTURE OF THE REGULATION ............................................................................ 3

PART II DEBTOR REGISTRY .......................................................................................................................... 3 TITLE I CRITERIA AND METHODS FOR THE FORMATION OF THE DEBTOR REGISTRY .................................. 3 Article II.I.2 – Subjective and Objective Requirements for Registration in the Debtor Registry ........................................................................... 3 Article II.I.4 – Information Constituting the Debtor Registry ......................................................................................................... 4

TITLE II RECTIFICATION OF INFORMATION IN THE DEBTOR REGISTRY ...................................... 4 Article II.II.2 – Cancellation upon Execution of a Payment Installment Plan or Repayment Plan ........................................... 4

Central Bank of the Republic of San Marino Regulation No. 2026-02 Update to the Regulation on Procedures for Feeding and Maintaining the Debtor Registry 2019-02 3

PART I GENERAL PROVISIONS

Title I Legislative Sources and Definitions

Article I.I.1 - Legislative Sources

1. This Regulation is issued pursuant to Article 2 of Law 30 July 2018 No. 93, as amended by Article 23 of Law 30 May 2019 No. 88, and by virtue of the regulatory powers of the Central Bank provided for in Article 30 of Law 29 June 2005 No. 96.

Article I.I.2 - Definitions The following paragraph 10 is added to Article I.I.2: 10. "facilitated settlement of overdue debts in the Tax Collection Agency" (so-called "rottamazione"): an extraordinary and derogatory institution compared to the ordinary tax collection regime, introduced through temporally limited normative revision, which allows the debtor to extinguish debts registered on the tax roll under favorable conditions compared to the ordinary discipline, in compliance with specific methods and deadlines, the non-observance of which results in forfeiture of the benefit.

Title II Objectives and Structure of the Regulation

1. Article I.II.2 is repealed.

PART II DEBTOR REGISTRY

Title I Criteria and Methods for the Formation of the Debtor Registry

Article II.I.2 – Subjective and Objective Requirements for Registration in the Debtor Registry

1. Paragraph 2 of Article II.I.2 is hereby replaced as follows:
2. The following tax notices shall be excluded from the calculation of the debt referred to in the previous paragraph: a) those subject to an INSTALLMENT PLAN in effect as of 31 December of the year preceding the year of publication, duly honored, or subject to an INSTALLMENT PLAN signed by 15 January of the year of publication, with the first installment paid by that date, provided that the application and the related investigation by the TAX COLLECTION DEPARTMENT are completed by 31 December of the preceding year;

Central Bank of the Republic of San Marino Regulation No. 2026-02 Update to the Regulation on Procedures for Feeding and Maintaining the Debtor Registry 2019-02 4 b) those subject to a PAYMENT PROMISE that has no overdue and unpaid installments as of 31 December of the year preceding the year of publication; c) those subject to a FACILITATED SETTLEMENT duly honored; d) those referring to NON-FINAL DEBTS because they relate to taxes subject to judicial appeal against the TAX AUTHORITY; e) those referring to NON-FINAL DEBTS because they concern tax rolls or notices subject to judicial appeal against the TAX AUTHORITY (tax roll) or the TAX COLLECTION DEPARTMENT (notice).

Article II.I.4 – Information Constituting the Debtor Registry

1. The phrase "or FACILITATED SETTLEMENT" is added to paragraph 1, letter f) of Article II.I.4.
2. Paragraph 3 of Article II.I.4 is hereby replaced as follows:
3. Without prejudice to what is provided in the subsequent Title II, as well as in the subsequent Part III, the following shall not be taken into consideration for the determination of the TAX DEBT to be entered in the DEBTOR REGISTRY: a) payments made after 15 January of the year of publication; b) discharge orders issued after 15 January of the year of publication; c) INSTALLMENT PLANS formalized after 31 December of the year preceding the year of publication, save for what is indicated in the previous Article II.I.2, paragraph 2, letter a); d) PAYMENT PROMISES or FACILITATED SETTLEMENTS formalized after 31 December of the year preceding the year of publication; e) communications of pending appeals received after 31 December of the year preceding the year of publication.

Title II Rectification of Information in the Debtor Registry

Article II.II.2 – Cancellation upon Execution of a Payment Installment Plan, Payment Promise, or Facilitated Settlement

1. The title of Article II.II.2 is hereby modified as follows: Article II.II.2 – Cancellation upon Execution of a Payment Installment Plan, Payment Promise, or Facilitated Settlement
2. Article II.II.2 is hereby replaced as follows:
3. The DEBTOR may request the TAX COLLECTION DEPARTMENT to cancel their name from the already published DEBTOR REGISTRY, provided they sign for the entire TAX DEBT: a) an INSTALLMENT PLAN or a PAYMENT PROMISE, with no overdue and unpaid installments; b) a FACILITATED SETTLEMENT duly honored.