Small and medium-sized businesses affected by DANA will be able to benefit from direct aid ranging from 10,000 to 150,000 euros depending on the volume of business, according to the first royal decree including measures to mitigate the effects of DANA that the Council of Ministers has approved on November 5. The Tax Agency opens the window next Tuesday 19, so that these companies can apply for subsidies in a simple way. To make the aid more effective, it will not be taken into account in the payment of corporate tax or income tax.
This aid will amount to a single amount of 5,000 euros for the group of independent professionals and, in the case of legal entities, will vary between 10,000 and 150,000 euros depending on their volume of operations declared or verified for VAT. or, failing that, either the net amount of turnover corresponding to 2023.
The package of measures deployed to compensate for the damage caused by the disaster includes a budget estimated at 513 million euros for some 30,000 SMEs who will be able to benefit from this aid. The government designed the distribution of subsidies according to the volume of operations of each company, establishing five tranches.
Concretely, the companies concerned will be able to benefit from aid of 10,000 euros, when their volume of activity is less than 1 million euros; 20,000 if it was between 1 and 2 million; 40,000 if it was between 2 and 6 million; 80,000 in the case of a volume between 6 and 10 million euros; and affected companies with a transaction volume greater than 10 million in 2023 will be able to benefit from 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 since it will close 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 with entry. In addition, to benefit from it, there is an exception to the requirement that beneficiaries be up to date with their tax and social obligations.
Royal Decree-Law 6/2024 specifies that this aid will be exempt from tax both in terms of personal income tax (IRPF) and corporate tax (IS), specifies Wolters Kluber.
In addition to companies, all self-employed workers who have their tax domicile in one of the municipalities concerned – around 65,000 cases, estimates the government – will be able to request compensation of 5,000 euros. In total, the plan will devote 838 million euros by adding the SME chapters and an additional 325 million euros for self-employed workers in the region through direct aid.
