Refundable deposit: Until July 29 the one-time payment with 15% discount

The Government and the Ministry of Finance, in cooperation with the Ministry of Development and Investment, and with the assistance of the Independent Public Revenue Authority (AADE), responding to the needs of companies that have been negatively affected by the crisis of the coronavirus pandemic and aiming to further facilitated in the midst of this difficult situation, they proceeded to amend the decisions for all rounds of the Refundable Advance, in order to ensure an extension of the repayment for the beneficiaries and an extension of the repayment installments.

In particular, with the issuance of relevant decisions (Government Gazette B 2614, 2615, 2626, 2659, 2669, 2670 and 2674) the grace period for the return of the repayable part of the Refundable Advance, until June 30, 2022 and the date of payment of the first installment is postponed to July 29, 2022.

In addition, doses are increased for the repayment of the repayable amount of the aid received from 60 in 96 equal monthly installments, which are interest-free.

At the same time, the deadline for the alternative is extended accordingly lump sum payment the repayable amount of aid received, with 15% discount on the repayable amount, until July 29, 2022.

It is recalled that the repayable part of the aid has been reduced and amounts to the following percentages of the received aid, provided that the employee retention clause provided in each Repayable Advance cycle was observed:

a) For companies that have started operations before January 1, 2019, did not open a branch from April 1, 2019 to December 31, 2020 and have positive gross income in 2019, at:

– 25% of the aid, if the reduction of the gross income of the company in 2020 exceeds 70% in relation to 2019 and the company shows losses before taxes,

– 33.3% of the aid, provided that the reduction of the gross income of the company in 2020 amounts to at least 30% and up to 70% compared to 2019 and shows losses before taxes and

– 50% of the aid, for all other companies.

b) For new companies that have started operations after January 1, 2019 or for companies that opened a branch from April 1, 2019 to December 31, 2020 or have zero gross income in 2019, at:

– 25% of the aid, if the reduction of the gross income of the company in 2020 exceeds 30% in relation to the income of 2019 and the company shows losses before taxes,

– 33.3% of the aid, for all other companies.

Notices for the payment of the refund amount will be posted in the information system of AADE “myAADE”, in the option “Register & Communication / e-Notifications”, while a relevant e-mail will be sent to the e-mail address stated by the obligor. Businesses will be able to see their debts from the repayable part of the aid in the information system of AADE (“myAADE”) in the option “Debts, Payments & Repayments”.

It is reminded that the payment of debts is possible through the IRIS Online Payments system, at myAADE (myaade.gov.gr), with direct credit of the debts.

The Government and the Ministry of Finance continue to provide practical support to companies affected by the effects of the pandemic, monitoring developments and needs in the real economy and intervening where necessary.

Source: Capital

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