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Thursday, August 11, 2022
HomeEconomyRefundable advance payment: Posting of clearance slips begins today

Refundable advance payment: Posting of clearance slips begins today

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An update will be posted on AADE’s myBusinessSupport platform on how to calculate the refundable amount per Refundable Advance.

It starts today and will be completed within the next few days liquidators of notes for its seven cycles refundable deposit.

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As announced a while ago “the Ministry of Finance, in collaboration with the Ministry of Development and Investments, and with the assistance of the Independent Public Revenue Authority (AADE), begins today and will complete in the next few days the certification of the refundable part of all cycles of the Refundable Advance, which was granted as support for businesses that have been negatively affected by the crisis of the coronavirus pandemic”.

Particularly:

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from the total of 605,530 A.F.M. to certify the refundable part of the Refundable Advance, today the certification will be carried out for 559,753 A.F.M., while 2,406 A.F.M. are exempted from the obligation to return the refundable amount as fire victims.

For the remaining 43,371 A.F.M. the confirmation will take place in the next few days, after rechecking their information.

With a series of amendments to the decisions of the Refundable Advance:

Ø The date of payment of the first installment or alternatively the possibility of a one-time payment with a 15% discount on the refundable amount was postponed to July 29, 2022.

Ø The installments for repayment of the refundable amount of the aid received were increased to ninety-six (96) equal monthly installments, which are now interest-free.

Ø The refundable part of the aid was reduced and amounts to the following percentages of the aid received, as long as the terms and conditions provided for in each Refundable Advance payment cycle were met:

a) For businesses that 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, in:

§ 25% of the aid, if the reduction of the company’s 2020 gross revenue exceeds 70% compared to 2019 and the company shows losses before taxes or

§ 33.3% of the aid, as long as the decrease in the company’s 2020 gross revenue amounts to at least 30% and up to 70% compared to 2019 and shows losses before taxes or

§ 50% of the aid, for all other businesses.

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

§ 25% of the aid, if the decrease in the company’s 2020 gross revenue exceeds 30% compared to 2019 revenue and the company shows losses before taxes or

§ 33.3% of the aid, for all other businesses.

In the case of a one-off refund of the above refundable amount until July 29, 2022, the amount of the 15% discount increases the non-refundable amount of the aid which is tax-free, while the amount of the refund reduces the granted amount of the aid and if the aid has been granted, either on the basis of the Temporary Framework or on the basis of the de minimis Regulation, it is no longer included in the accumulation limit.

Especially for the businesses that were demonstrably affected by the fires that occurred in areas of the Greek territory from May 1 to September 2, 2021, as they have been demarcated with the following data D.A.E.F.K.-K.E/13758 /A325/20.08.2021 (Β΄3905), D.A.E.F.K.-K.E/13975/A325/20.08.2021 (B΄3898), D.A.E.F.K. -K.E/13665/A325/17.08.2021 (Β΄3863) and D.A.E.F.K.-K.E/11203/A325/09.07.2021 decisions of the Ministers of Finance, Development and Investments, Interior , Infrastructure and Transport, the refundable amount is non-refundable. In addition, for businesses that have a headquarters or a branch in the Municipalities of Mantoudi – Limni – Agia ‘Anna and Istiaea – Edipsos of the Evia Regional Unit of the Central Greece Region, which were affected by the fire of August 3, 2021, the refundable amount is not refunded.

Notifications for the payment of the refundable amount will be posted, gradually upon confirmation, in the AADE myAADE information system, in the Registry & Communication / e-Notifications option, while a relevant e-mail message will also be sent to the e-mail address declared by the debtor. Businesses will be able to see their debts from the refundable part of the aid in the myAADE digital portal, in the My Account option.

For the convenience of interested parties, an update will be posted on AADE’s myBusinessSupport platform on how to calculate the refundable amount per Refundable Advance.

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

RES-EMP

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