Last chance to escape the one-off and with interest refund of the amounts for the refundable advance have thousands of businesses by submitting the necessary supporting documents by 31 May 2023.

Following an audit by the competent authorities, it was found that these companies did not meet the criteria for state loans and were asked in November 2022 to repay 100% of the state aid they had received during the pandemic period.

The repayable advance

The submission of the supporting documents for the refundable is done on the myBusinessSupport platform of the Hellenic Revenue Agency.

Those who miss the deadline and do not submit the supporting documents, but also undertakings which are found not to have complied with the employment clause will be be required to repay in a lump sum and with interest "running" from 1 December 2022 the full amount of the State loan until 30 June 2023.

According to the Ministry of Finance :

• Amounts established as unduly paid up to 2 November 2022 shall be paid until 30 June 2023.
• In the event of the establishment of amounts unduly paid due to non-compliance with the obligation to maintain employees, a recalculation shall be carried out.
• If the necessary supporting documents have been submitted by 23 September 2022 and after the recalculation of the obligation to maintain employees, it is clear that the company's obligations have been met, the amount unduly paid is deleted by the issuance of an Individual Deduction Sheet (Deduction Sheet) by the DGOU of the Ministry of Finance and at the same time a new legal title of collection is issued for the reimbursement of the refundable part of the aid as calculated. Any amounts paid under the original recovery order shall be credited to the debt resulting from the new recovery order.
• If, after the recalculation of the obligation to maintain employees and the expiry of the deadline of 31 May 2023 for the submission of the necessary supporting documents, it appears that the company's obligations have been met, the amount unduly paid is deleted by the Ministry of Finance through the issuance of an individual deduction sheet (AFEK) and at the same time a new legal title of collection is issued for the reimbursement of the refundable part of the aid as calculated.
• The possibility of a one-off payment of the refundable amount of the aid received with a 15% discount on the refundable amount is only valid if the required supporting documents have been submitted by 23 September 2022 at the latest. Any amounts paid under the original recovery order shall be credited to the debt resulting from the new recovery order.
• If, after the recalculation of the obligation to maintain employees and the expiry of the deadline of 31 May 2023 for the submission of the necessary supporting documents, it emerges that the company's obligations have not been met, the state aid is considered as not granted and interest is charged on the amount established up to 2 November 2022, from 1 December 2022.