Subsidy on fixed costs: Eligibility requirements. What costs will be calculated. Applications for expressions of interest are in operation from May 31 to June 17, 2021.
The purpose is the subsidy of companies, through credit, which can be used until the end of the year, for the repayment of current tax debts or insurance contributions that become payable from 1.7.2021 to 31.12.2021. More specifically, the company will have the right to choose the amount of aid it wants to distribute for the payment of tax debts and the amount it wants to use for the payment of insurance debts.
Eligible companies must cumulatively meet the following conditions:
• Belong to affected industries.
• To have employed at least one (1) full-time employee or two (2) part-time employees, with a dependent employment relationship, on 1 August 2020 or on 28 October 2020 or on 1 May 2021, according to the ERGANI system data ,
• Have submitted all periodic VAT returns and E3 returns for the period required.
• To show a loss before taxes of at least 30% either in relation to their gross income or in relation to their total expenses for 2020.
• Have a drop in turnover of at least 30% in 2020 compared to 2019. However, there will be a special provision for new businesses and companies that have recently acquired a branch, emphasizing the criterion of loss, and not that of turnover decline.
Of course, as is generally the case in the Provisional Framework, the support does not apply to companies that were already in trouble in 2019, with the exception, however, of very small or small businesses.
The aid will be calculated as a percentage of the fixed costs incurred in 2020 and not covered by the aid provided by the state.
In particular, fixed costs will be calculated the costs paid in 2020 by the company for:
• employee benefits,
• insurance contributions of the self-employed,
• energy,
• water supply,
• telecommunications,
• rents,
• other operating expenses, etc.
• debit interest and related expenses.
These are expenses that are recorded in the form E3.
The aid will be taken into account the aid received by the company in 2020, in the context of dealing with the consequences of the pandemic.
The determination of the amount of aid, the intensity of aid, the ceilings and other details of implementation of the scheme will be determined by a new JMC (Phase B), after the completion of the expression of interest, based on the available budget of the program, which and estimated at EUR 500 million.
The rate of aid will vary based on the drop in turnover, as it will be higher for companies that had a drop in turnover of more than 60%.
At the same time, there will be ceilings in the amount of aid, which:
• Can not exceed 70% of pre-tax losses for medium and large enterprises and 90% for small and micro enterprises.
• It can not exceed the turnover loss between 2020 and 2019, with special care, however, for new businesses and companies that have recently opened a branch.
• Can not exceed 1.5 million euros.
Last but not least, beneficiaries are required to maintain the average number of staff they have until 31 December 2021.
According to the relevant schedule, the goal is, after the application process, the credits to be issued by the end of May 2021.
In this context, there are two steps that companies that want to join the new aid measure in the form of a fixed cost subsidy must follow from tomorrow, 31 May 2021:
- To submit, by June 17, 2021, an application for expression of interest on the myBusinessSupport platform of the Independent Public Revenue Authority (AADE).
- To fill in the form E3, which can be finalized without the need to submit an income tax return for individuals and legal entities.
Accounting Office tax-plan
Integrated tax planning for businesses and individuals
9-17 Erythrou Stavrou (Emporiko Kentro Asty) - Larissa, PC 41221
phone.2410533572 - 2413012052 - Fax 2410533772, mob. 6936920688 - 6932702616
e-mail: info@tax-plan.gr – website: www.tax-plan.gr
English (UK) 
Ελληνικά