The fourth (4th) amendment of the Decision approving funding applications submitted under the Action of the ERANEK: Grant for Accounting and Tax Services Provision Companies regarding the approval of funding of an additional one thousand six hundred and ninety-eight (1,698) funding applications for a total Public Expenditure of 2,935,780.55 euros.

The total approved projects in the Action amount to eight thousand four hundred and seventy-five (8,475). The total eligible Public Expenditure amounts to EUR 14,633,388.64.

Objective of the Action

The Action concerns the strengthening of Self-Employed Accountants – Tax Consultants, as well as Legal Entities providing accounting and tax services, in order to respond immediately to their digital modernization needs, due to the expanded and constant needs to use digital applications for the provision of their services.

The Action aims to support companies of accounting and tax services (Natural and Legal Persons), in order to adapt their operation by upgrading / acquiring the necessary digital infrastructure, continue to provide their services seamlessly and support the business community, the public administration, but also the citizens, so that they can respond to the new conditions that the pandemic (COVID 19) has created.

Subsidy for accounting and tax consultancy firms - Budget of the action

The budget of the Action amounts to 30,000,000 euros.

The Action is co-financed by the European Social Fund (ESF) of the European Union and national resources.

This amount may be increased to cover all positively assessed applications for funding.

Who it concerns

Small and medium-sized enterprises which are entered in the relevant registers kept at the Economic Chamber of Greece , as follows:

• Self-employed accountants – tax advisors who hold the professional identity of an accountant – tax consultant by classes
• Legal entities providing accounting and tax services

Conditions of Participation - Grant for Accounting and Tax Services

The beneficiaries of the Action should, among other things, meet the following conditions:

• submit one Funding Application per VAT number
• to operate legally in the country and have started at the competent Tax Office until 28/02/2022
• have until 28/02/2022 as an active activity code one of the eligible SMRs of Chapter 6: ELIGIBLE SECTORS OF ACTIVITY in at least one establishment of the enterprise (headquarters and / or branch)
• to keep simple or double-entry books in accordance with Law 4308/2014

It is noted that the examination of the status of beneficiaries will be carried out on the basis of data registered in relevant Registers kept by the Economic Chamber of Greece and is valid until February 28, 2022.

Amount of Grant

Each beneficiary (distinct VAT number) will be awarded a maximum total grant for the upgrade of the digital infrastructure of his business as follows:

• Grant up to €2,000

0 = < revenue for the year 2020 = < 20,000 euros

• Grant up to €1,500

revenues for the fiscal year 2020 > 20,000 euros

The revenues derive from the E3 Form for Tax Year 2020 submitted in 2021, from table D1 / Sales of goods and provision of services, code 500 "Total Revenue from Sales of Goods and Provision of Services".

Potential beneficiaries, who started in 2021 and until 28.02.2022, may apply for and receive an upper grant limit of €1,500.

An amending E3 declaration submitted after the publication of this Call is not accepted for the calculation of the grant.

Expenses subsidized

Aiming at the digital modernization of potential beneficiaries, the following supply costs are subsidized exclusively:

• Communication Information Technology Equipment
• Software necessary for the digital modernization of the business

It is noted that the ICT equipment includes: Desktop PC and peripherals, laptops, servers, multifunction machines and other IT equipment.

An eligible expense is also the purchase of software in the form of Software as a Service (SaaS) if it is necessary for the operation of the business and its digital upgrade. In the case of acquisition in the form of Software as a Service (SAAS), the cost for one year is eligible.

Eligible are costs of acquiring fixed assets for which the cost of acquiring each discrete piece of equipment is not greater than 1.500 EUR or another limit which, according to the applicable legislation, gives the possibility of depreciation of the item within the year of its acquisition and up to the limits mentioned above under conditions.

Indicatively, the costs for: mobile phones, tablets, mobile telephony connections or other similar connections, any kind of subscriptions to magazines or libraries (printed or electronic), as well as recoverable value added tax (VAT) are not eligible.

The starting date for eligibility of expenditure is set at 1/1/2021. The completion deadline is six (6) months from the date of issue of the Integration Decision and in any case not beyond 31/12/2023.

More information about the action here.