Small and medium-sized companies affected by DANA will be eligible for direct aid ranging between 10,000 and 150,000 euros depending on business volume, according to the first royal decree with measures to alleviate the effects of DANA that the Council of Ministers approved on the 5th. November. The Tax Agency opens the window next Tuesday, the 19th, so that these companies can request subsidies in a simple way. To make the aid more effective, it will not count when paying Corporate Tax or Income Tax.
This aid will amount to a single amount of 5,000 euros for the group of self-employed professionals and, in the case of legal entities, will range between 10,000 and 150,000 euros depending on their volume of operations declared or verified for VAT purposes or, Failing that, the net amount of the turnover corresponding to 2023.
The package of measures deployed to compensate for the damage caused by the disaster includes an estimated budget of 513 million euros for some 30,000 SMEs that will be able to receive this aid. The Government designed the distribution of subsidies based on the volume of operations of each firm, establishing five tranches.
Specifically, affected companies may benefit from 10,000 euros in aid, when their volume of operations has been less than 1 million euros; 20,000 if it has been between 1 and 2 million; 40,000 if it has been between 2 and 6 million; 80,000 in the case of volume between 6 and 10 million euros; and affected companies with more than 10 million in transaction volume in 2023 will be able to receive aid of 150,000 euros.
The interested party must enter the electronic headquarters of the Tax Agency. This window will open next Tuesday, November 19 and will last until the end of the year, as it closes on December 31. The Administration will simplify the process by simply requiring fill out a form, sign a responsible declaration and indicate the account number to proceed to entry. Furthermore, to receive it, there is an exception to the requirement that the beneficiaries be up to date with their tax and Social Security obligations.
Royal Decree-Law 6/2024 makes it clear that this aid will be exempt from taxation both in the Personal Income Tax (IRPF), as well as in the Corporate Tax (IS), clarifies Wolters Kluber.
In addition to companies, all self-employed workers who have their tax domicile in any of the affected municipalities – around 65,000 cases, the Government estimates – may request compensation of 5,000 euros. In total, the plan will dedicate 838 million euros by adding the SME chapters plus another 325 million euros for self-employed workers in the area through direct aid.
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