Only 8 out of 100 companies meet the requirements to obtain aid …

180,000 Spanish corporations, 8% of the whole, meet the necessities to entry the 7,000 million euros in direct assist permitted by the Authorities, based on El País, which ensures {that a} larger share of the self-employed will be capable to profit from this measure.

Inside a month, the autonomous communities may start to distribute direct assist from the fund for enterprise solvency approved by the Council of Ministers a week ago with a budget allocation of 7,000 million euros, based on the forecast of phrases superior by the Minister of Finance, María Jesús Montero.

Though the Authorities continues to check how expand its scope of action beyond the 95 sectors of activity for which this measure was initially approved, the scope of direct assist may fall quick because of the necessities which might be required of corporations that wish to obtain them, comparable to having closed 2019 with a constructive end result or not accumulating non-payment of taxes or Social Safety contributions, according to The nation.

On this manner, solely 180,000 corporations of the whole of two.2 million that presently exist in Spain, 8% can be ready to use for these grantsIn keeping with the Grupo Prisa newspaper, which estimates that 1 in 6 corporations, some 355,000, are a part of the 95 sectors through which state subsidies for enterprise solvency are centered, whereas half of them closed 2019 positively, based on knowledge from the Tax Company.çC

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In the meantime, with regard to the self-employed, a better share could profit from direct assist, provided that 1 in three self-employed employees is a part of the 95 benefited sectors, which represents about 400,000 individuals, and of which there are a better proportion of the self-employed than of corporations with constructive leads to the earlier yr, based on The nation.

The requirement of getting closed 2019 positively seeks avoid subsidizing economically unviable companies that may nonetheless shut after receiving direct assist, as Brussels requires, establishing that corporations should allocate these subsidies to losses attributable to the coronavirus, allocating the funds acquired to pay excellent money owed with suppliers and to cowl mounted bills, comparable to rental prices or power provides.

Along with be a part of the 95 sectors most affected by the pandemic and have closed 2019 on a constructive notice, it’s essential to fulfill different necessities, comparable to conditioning the return of those non-repayable grants to the corporate sustaining its exercise till June 2022, not distributing dividends or elevating govt salaries inside a interval of two years, that they’re updated with fee of taxes and charges and who doesn’t have a tax domicile in a tax haven.

Concerning the quantity of this assist, the Authorities introduced final week that the self-employed who pay by modules could request as much as a most of three,000 euros, whereas for the remainder of the self-employed and firms the quantity rises to between 4,000 and 200,000 euros. As well as, micro-SMEs and freelancers will be capable to offset as much as 40% of the drop in revenue in comparison with 2019 and the remainder of corporations, as much as 20%.

* Authentic article printed by Adrián Francisco Varela and Business Insider