Refundable Deposit: Extension to submit supporting documents until August 31st

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This date is also the final deadline, beyond which it is considered that the beneficiary has not complied with the conditions for providing the aid

In modification of the decisions for all its cycles “Prepayment Returnee”, in order to ensure the possibility of submission of the necessary supporting documents by the beneficiaries who have not completed their submission within the previous deadline, the Ministry of Finance proceeded, in cooperation with the Ministry of Development and with the assistance of AADE. Thus, there is a response to the needs of businesses that have been negatively affected by the crisis of the coronavirus pandemic.

In particular, with the issuance of relevant decisions (Β΄ 3878, 3879, 3880, 3881 and 3882), beneficiaries who have not submitted the required supporting documents are once again given the opportunity to submit them via the “myBusinessSupport” electronic platform until August 31.

This date is also the final deadline, beyond which it is considered that the beneficiary has not complied with the conditions for providing the aid. It is pointed out that the possibility of a one-time payment of the refundable amount of the aid received until July 29 with a 15% discount on the refundable amount of the aid received, applies only to businesses that have submitted the required supporting documents no later than July 25, 2022.

The refundable part of the aid amounts to the following percentages of the aid received, provided that the employee retention clause provided for in each “Refundable Advance Payment” cycle and the obligations of the beneficiaries have been observed:

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 decrease in 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 reduction of 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.

For businesses that have not submitted the necessary supporting documents or have not complied with the employee retention clause provided for in each “Refundable Advance” cycle, the aid is returned in its entirety (100%), once and with interest, without the possibility of deduction.

The notices for the payment of the refundable amount are posted in the information system of AADE myAADE, in the “Registry & Communication / e-Notifications” option, while a relevant e-mail message is also sent to the e-mail address declared by the debtor. Then, businesses can see their debts from the refundable part of the aid in the AADE information system (myAADE) in the “Debts, Payments & Refunds” option. 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.

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