March 29, 2024 5 min read
Ministry of Finance: Extension to the fixed expenditure subsidy

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Extension of the fixed costs subsidy by the Commission Ministry of Finance. This decision was made by the Ministry in order to support businesses affected by the pandemic.

In particular, the decision concerns the amounts of aid in the form of a credit to the tax authority and e-EFKA and were issued under the aid in the form of a subsidy for fixed costs, and could be used by 31 December 2021. Longer to be used by 30 June 2022. The measure concerns those businesses that did not use them in their entirety, in line with the declaration already submitted.

In particular, the extension of the subsidy for fixed costs in so far as it concerns right to deduct from tax debts, applies as a deduction from tax liabilities of the years 2021 and 2022. Liabilities rendered payable by 1 July 2021 to 30 June. 2022. The part concerning coverage of insurance contributions, the amount of aid is included as credit balance in the portions of the beneficiary enterprises. This amount is offset against the current insurance obligations arising from the Detailed Periodic Statements of the salary periods:

From June 2021 to May 2022.

Extension of fixed expenditure subsidy in North Evia

In addition, taking into account the special conditions faced by businesses affected by the recent fires, in particular those in Northern Evia:

  • provision is made for the exemption of the undertakings concerned from the obligation to retain staff.

In particular, the businesses that were demonstrably affected, according to data that will be sent by the respective Region and ELGA, by the summer fires:

  • they are not obliged to maintain the level of employment.

Especially the businesses that have their headquarters or branch in the Municipalities of Mantoudi – Limni – Agia Anna and Istiaia – Edipsos of the Regional Unit of Evia of the Region of Central Greece, which were affected by the fire of August 2021:

  • they are not obliged to maintain the level of employment without the need to provide further supporting documents.

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