{"id":3155,"date":"2021-03-17T10:52:53","date_gmt":"2021-03-17T10:52:53","guid":{"rendered":"http:\/\/www.gmtaxconsultancy.com\/?p=3155"},"modified":"2021-03-18T10:55:54","modified_gmt":"2021-03-18T10:55:54","slug":"direct-financial-assistance-self-employed-companies","status":"publish","type":"post","link":"https:\/\/gmtaxconsultancy.com\/en\/news\/direct-financial-assistance-self-employed-companies\/","title":{"rendered":"Direct Financial Assistance for Self-employed and Companies"},"content":{"rendered":"<p>The Royal Decree-Law 5\/2021, of March 12, has been approved, considering a set of financial assistance, among which the provision of up to \u20ac 7,000 million for companies and self-employed who have their tax domicile in Spanish territory, in case they have been affected by the consequences of COVID-19, to support solvency and reduce their indebtedness.<\/p>\n<p>The most noteworthy points of this financial assistance are the following:<\/p>\n<p><b>Requirements<\/b>:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li aria-level=\"2\">Entrepreneurs, professionals and entities attached to sectors with CNAE indicated in Annex 1 of RD 5\/2021. Also, entrepreneurs or professionals who apply the objective estimation regime in personal income tax (IRPF) assigned to the sectors defined in Annex 1.<\/li>\n<li aria-level=\"2\">That the volume of operations in VAT 2020 has fallen more than 30% compared to 2019. This information will be provided by the Tax Administration at the request of the Autonomous Communities.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>The maximum amount provided<\/b>:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li aria-level=\"2\">Regarding businessmen or professionals who apply the objective estimation regime in personal income tax, \u20ac 3,000.<\/li>\n<li aria-level=\"2\">Regarding businessmen and professionals with a volume of VAT transactions that has decreased by more than 30% in 2020 compared to 2019:<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&gt; 40% of the drop in billing exceeds that 30% decrease, for businessmen or professionals who apply the direct estimation regime in personal income tax or entities that have a maximum of 10 workers. It will in no case be less than \u20ac 4,000 or more than \u20ac 200,000.<\/p>\n<p>&gt; 20% of the drop in billing exceeds that 30% decrease for entities or businessmen and professionals who have more than 10 workers. It will in no case be less than \u20ac 4,000 or more than \u20ac 200,000.<\/p>\n<p><b>Conditions <\/b>(highlighted):<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li aria-level=\"2\">Maintain the activity corresponding to the aid until June 30, 2022.<\/li>\n<li aria-level=\"2\">Do not distribute dividends during 2021 and 2022.<\/li>\n<li aria-level=\"2\">No increases in remuneration to senior management during the period of two years from the application of any of the measures.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>Term<\/b>: No direct aid may be granted later than December 31, 2021.<\/p>\n<p><b>Finalist nature<\/b>: direct aid must be used to satisfy the debt and pay suppliers and other creditors, financial and non-financial, as well as fixed expenses incurred.<\/p>\n<p>These direct grants will be called by the Autonomous Communities, which must define the award criteria.<\/p>\n<p><a href=\"https:\/\/gmtaxconsultancy.com\/wp-content\/uploads\/ASUD_3_56954_RDL-52021-AJUT-COVID-A-EMPRESE.pdf\">Download the PDF here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Royal Decree-Law 5\/2021, of March 12, has been approved, considering a set of financial assistance, among which the provision of up to \u20ac 7,000 million for companies and self-employed who have their tax domicile in Spanish territory, in case they have been affected by the consequences of COVID-19, to support solvency and reduce their [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3526,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[127],"tags":[],"class_list":["post-3155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts\/3155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/comments?post=3155"}],"version-history":[{"count":0,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts\/3155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/media\/3526"}],"wp:attachment":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/media?parent=3155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/categories?post=3155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/tags?post=3155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}