The central Executive approved last Friday, March 12, in an Extraordinary Council of Ministers of the Royal Decree-Law 5/2021 a new package of public aid amounting to 11 billion euros for the sectors most affected by the coronavirus pandemic in our country, that is, those of the hospitality, tourism and trade. This package includes a fund of direct aid to small and medium-sized enterprises (SMEs) and the self-employed of de € 7 billion The autonomous communities will be responsible for its management (2,000 million only for the Canary Islands and the Balearic Islands, the two communities most affected by the pandemic due to the greater weight of tourism).
The allocation of these funds will be made following the same criteria that were used for the REACT-EU: impact of the pandemic on the wealth of the autonomous communities, impact of the crisis on unemployment and impact on youth unemployment.
Which sectors can access the aid
This aid package is intended for 95 subsectors within the businesses most affected by the epidemiological situation caused by the expansion of the SARS-CoV-2 virus, but it leaves out other workers who have also seen their income significantly reduced by the pandemic.
What are the requirements for receiving aid
In addition to belonging to one of the sectors included in the Royal Decree, the freelancers and SMEs Who wish to access direct aid must meet the following requirements:
– Not having been convicted by a final judgment to the penalty of loss of the possibility of obtaining subsidies or public aid or for crimes of prevarication, bribery, embezzlement of public funds, influence peddling, fraud and illegal exactions or urban crimes.
– Not having given rise, for the reason for which she was found guilty, to the firm resolution of any contract entered into with the Administration.
– Be aware of payment of obligations for reimbursement of subsidies or public aid.
– Be up-to-date in compliance with tax obligations and against the Social Security.
– Not having requested the declaration of voluntary bankruptcy, not having been declared insolvent in any procedure, not being declared bankrupt, unless an agreement has become effective in it, not being subject to judicial intervention or having been disqualified in accordance with the Law 22/2003, of July 9, Insolvency, without the disqualification period set in the judgment of qualification of the insolvency having concluded.
– Not having tax residence in a country or territory qualified by regulation as tax haven.
The recipients of these grants must also undertake to maintain the activity corresponding to the grants. until June 30, 2022. They will not be able to distribute dividends during 2021 and 2022 they will not be able to approve increases in senior management remuneration for a period of two years.
In addition to all this, it is essential to take into account that only companies that have suffered a drop in their billing of at least 30% with respect to the income obtained in the year prior to the coronavirus pandemic (2019).
What will be the amount of the aid
The self-employed and medium and small companies may receive amounts from between 4,000 and 200,000 euros, with the exception of the self-employed who pay taxes in the objective estimation regime in personal income tax, who will receive aid of up to 3,000 euros.
Deadlines for applying for grants
The Minister of Finance, María Jesús Montero assured last Friday that in a month and ten days the distribution order would be formalized to the autonomous communities and they will be able to start signing agreements. What the management of the aid is regional in nature, each community will decide its terms and the exact amounts to be distributed.