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Refundable advances: New clarifications from YPOIK for the terms of the refund

21/11/21 10:15
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Home GREECE-WORLD

Refundable advances: New clarifications from YPOIK for the terms of the refund

by sierafm
21/11/21 10:15
in GREECE-WORLD, LATEST NEWS
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Αλλάζουν οι όροι επιστροφής της επιστρεπτέας προκαταβολής, the deadline for submitting supporting documents for the beneficiaries of all repayable advance cycles is extended, of the increased special purpose compensation amount 1000 euros up to 4.000 euro and the subsidy of fixed costs, as mentioned in a relevant announcement of the Ministry of Finance.

Government and the Ministry of Finance, responding to the needs of businesses that have been negatively affected by the coronavirus pandemic crisis, but also of the companies that were affected by the big fires of last summer, especially those of Northern Evia, and in cooperation with the co-responsible Ministry of Development and Investment, proceeded to amend the decisions for all rounds of the Refundable Advance, in order to ensure more favorable conditions for the beneficiaries.

Analytically:

By issuing relevant decisions (Government Gazette BD 5303, 5305, 5306, 5307, 5308) the rate of return of all rounds of the Refundable Advance is reduced, depending on the fall in gross revenue of each business.

Specifically, provided that the employee retention clause provided in each cycle of Refundable Advance has been complied with, the following percentages of aid may be reimbursed:

a) For companies that have started operations before January 1st 2019, have not opened a branch since April 1 2019 until 31 December 2020 and have positive gross income in 2019:

-25% of the aid, provided that the reduction in its gross revenue 2020 of business exceeds 70%, in relation to 2019, and the company incurs losses before taxes or

-33,3% of the aid, provided that the reduction in its gross revenue 2020 of the business amounts to at least 30% and up 70%, in relation to 2019, and shows losses before taxes or

-50% of the aid, for other companies.

b) For new businesses that have started operations after January 1st 2019 or for companies that opened a branch on April 1st 2019 until 31 December 2020 or have zero gross revenue in 2019:

-25% of the aid, provided that the reduction in its gross revenue 2020 of business exceeds 30%, in relation to its revenue 2019, and the company incurs losses before taxes or

-33,3% of the aid, for other companies.

Returnable: What changes in the installments for the repayment of the amount of aid received and in which cases the amount is not reimbursed

Alongside, installments to repay the amount of aid received in 60 equal monthly installments, which are now interest-free, while alternatively, the possibility of a lump sum payment of the received aid is provided, before the end of the grace period (31in December 2021), with discount 15% on the repayable amount.

In addition, The repayable amount is not reimbursed for companies that have been proven to be affected by the recent fires that broke out in areas of Greek territory from 1 May until 2 September 2021, on the basis of relevant certificates from the competent services.

There is a special provision for all companies that have a registered office or branch in the Municipalities of Mantoudi-Limni-Agia Anna and Istiaia-Edipsos of the Regional Unit of Evia of the Region of Central Greece, who were severely affected by the devastating fires of August 2021. Specifically, for all these companies the non-refund of the amount received under the Refundable Advance is provided.

Returnable: New extension of the deadline for submission of the necessary supporting documents

in addition to, the Ministry of Finance, in cooperation with the co-responsible Ministries of Development and Investment and Labor and Social Affairs, proceeds to a new extension of the deadline for the submission of the necessary supporting documents, until 31 December 2021, both for companies that have received financial support under all Repayable Advance Cycles, as well as for companies supported under the measure of the Increased Special Purpose Compensation (Government Gazette BD 5309) and the Fixed Expenditure Subsidy (Government Gazette BD 5304).

Reminded, to facilitate the process of submitting the supporting documents, Whereas undertakings which have received aid under the Provisional Framework are required to submit supporting documents, while the supporting documents are submitted through the electronic platform "myBusinessSupport" of AADE.

also, It is recalled that the required uniform certificate of judicial solvency is required to be sought ex officio in cases of Courts of First Instance having an electronic system, that is, of the Athens Courts of First Instance, Thessaloniki, Piraeus and Chalkida. For the other areas the certificate is issued by the relevant Court of First Instance and is submitted through the electronic platform "myBusinessSupport" of AADE, while the relevant application for its issuance can also be submitted through gov.gr.

The government, the Ministry of Finance and the co-competent Ministries prove in practice that they closely monitor the developments in the real economy and society and are ready to intervene in cases where significant needs arise..

Source: enikos.gr

Tags: Refundable deposit
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