Aim
The 3rd Pre-registration for the Covid Line of direct aid (non-refundable) to self-employed workers and companies to support solvency and reduce debt in the private sector is now open
Beneficiaries and conditions
The recipients of the aid will be self-employed individuals and companies that meet the following conditions:
Entrepreneurs, professionals, and companies registered in the National Classification of Economic Activities provided for in Royal Decree 475/2007, of April 13, which approves the National Classification of Economic Activities 2009 (CNAE-2009), during 2019 and 2020, who continue in the exercise of the activity and whose annual volume of operations, which they declare, has experienced a drop in turnover in 2020 of more than 30% compared to 2019.
Consolidated groups that pay Corporate Income Tax under the consolidated taxation regime, considering the group as a single taxpayer and not each of the entities that comprise it.
- not having had a negative net result in the 2019 IRPF or IS declaration.
- have tax domicile in Spanish territory.
- not to have one's domicile in a tax haven.
- not to be in bankruptcy proceedings.
- not having ceased activity at the time of the application.
- not to distribute dividends or increase the salaries of the management team for a period of two years from the moment the grant is received.
- commit to maintaining the activity until June 30, 2022.
- be up to date with payments of tax and social security obligations.
Quantities and characteristics
a) 3,000 euros when dealing with entrepreneurs or professionals who apply the objective estimation regime in Personal Income Tax.
b) For those entrepreneurs and professionals whose annual turnover declared or verified by the Administration, in the Value Added Tax or equivalent indirect tax, has fallen by more than 30% in 2020 compared to 2019, the maximum aid to be granted will be 40% of the additional drop in income in the case of micro-enterprises and self-employed (with up to 10 workers), and up to 20% for the rest of the companies (more than 10 workers).
The calculation of the number of workers will be done using the average of the 4 quarters of model 111 of the year 2020.
Specifically, self-employed individuals who apply the objective estimation regime (modules) in the IRPF can receive up to 3,000 euros, and between a minimum of 4,000 and a maximum of 200,000 euros for the rest of the self-employed and companies.
To determine the amount, proportional tiers will be established based on the drop in revenue and outstanding debts.
These direct aid payments will be earmarked, with the ENTIRE AID RECEIVED to settle the debt and make payments to suppliers and other creditors, both financial and non-financial, as well as the fixed costs incurred by the self-employed and companies considered eligible, provided that these costs were incurred between March 1, 2020 and September 30, 2021 and ARIS FROM CONTRACTS/INVOICES PRIOR TO MARCH 13, 2021 and are not paid until the time of receiving the aid.
First, payments to suppliers will be made in order of seniority, and, if applicable, the principal of the financial debt will be reduced, prioritizing the reduction of debt with public guarantees (ICO). Finally, the remaining aid may be used to offset fixed costs incurred, including accounting losses inherent to the business activity that have not already been covered by this or other aid.
Procedures
Applications can be submitted from 9:00 a.m. on November 12, 2021 until 2:00 p.m. on November 19, 2021.
If you require our assistance to obtain more information or have any questions, please contact us via email at ambit@ambitassessor.com or at our offices.
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