The certification of the repayable part of all cycles related to the Repayable Advance, which was granted as aid to businesses that were negatively affected by the coronavirus pandemic crisis, has begun and will be completed in the coming days.

In particular, out of the total of 605,530 VAT numbers to certify the repayable part of the Repayable Advance, yesterday, July 7, the certificate for 559,753 TIN would be made. At the same time, 2,406 VAT numbers are exempted from the obligation to return the refundable amount as fire victims. For the remaining 43,371 VAT numbers, the certificate will be carried out in the next few days, after rechecking their data.

Amendments to the decisions on the Repayable Advance

The Ministry of Finance notes that with a series of amendments to the decisions on the Repayable Advance:

• The date of payment of the first installment or alternatively the possibility of a one-off payment of this with a 15% discount on the refundable amount was postponed to July 29, 2022.
• The instalments for the repayment of the repayable amount of the aid received have been increased to ninety-six (96) equal monthly instalments. Installments are now interest-free.
• Therepayable part of the aid has been reduced and amounts to the following percentages of the aid received. Presupposition the terms and conditions provided for in each Repayable Advance cycle have been complied with: a) For businesses that have started operations before January 1, 2019, did not open a branch from April 1, 2019 to December 31, 2020 and have positive gross revenues in 2019, in: – 25% of the aid. If the decrease in the gross revenue of the company in 2020 exceeds 70% compared to 2019 and the company shows losses before taxes or – 33.3% of the aid. If the decrease in the gross revenue of 2020 of the enterprise amounts to at least 30% and up to 70% compared to 2019 and shows losses before tax or – 50% of the aid, for all other undertakings. (b) For new businesses that have started operations after 1 January 2019 or for businesses that opened a branch from 1 April 2019 to 31 December 2020 or have zero gross revenues in 2019, to: – 25% of the aid. If the decrease in the gross revenue of 2020 of the company exceeds 30% compared to the revenue of 2019 and the company shows losses before taxes or – 33.3% of the aid, for all other undertakings.

One-off refund

In the case of a one-off repayment of the above refundable amount up to 29 July 2022, the amount of the deduction of 15% shall increase the non-refundable amount of aid which is tax-free, whereas the amount of the refund shall reduce the amount of aid granted and, where the aid has been granted either under the Temporary Framework or under the Regulation de minimis, shall no longer be counted towards the accumulation limit.

Specifically for businesses that were demonstrably affected by the fires that broke out in areas of the Greek territory from 1 May to 2 September 2021, as delimited by the following documents: D.A.E.F.K.-K.E/13758/A325/20.08.2021 (B΄3905), D.A.E.F.K.-K.E/13758/A325/20.08.2021 (B΄3905), D.A.E.F.K.-K.E.E/13975/A325/20.08.2021 (B΄3898), D.A.E.F.K.-K.E/13665/A325/17.08.2021 (B΄3863) and D.A.E.F.K.-K.E/11203/A325/09.07.2021 decisions of the Ministers of Finance, Development and Investment, Interior, Infrastructure and Transport, the refundable amount is non-refundable. In addition, for businesses that have headquarters or branch in the Municipalities of Mantoudiou - Lake - Agia Anna and Istiia - Edipsos of the Regional Unit of Evia of the Region of Central Greece, which were affected by the fire of August 3, 2021, the refundable advance, not refunded.

The notifications for the payment of the refunded amount will be posted, progressively at the time of certification, on the information system of the AADE myAADE, in the Register & Contact / e-Notifications. An e-mail will also be sent to the e-mail address declared by the debtor. Businesses will be able to see their debts from the repayable part of the aid on the myAADE digital portal. Those interested select "My Account".

For the convenience of the interested parties, an update will be posted on the myBusinessSupport platform of AADE. The information will concern the method of calculating the refundable amount per Repayable Advance.

It is recalled that payment of debts is also possible through the IRIS Online Payments system, at myAADE (myaade.gov.gr). Debts are credited immediately.