April 23, 2024 5 min read
Repayable Advance: One-off payment extension and extension of installments

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Η Κυβέρνηση και το Υπουργείο Οικονομικών, σε συνεργασία με το Υπουργείο Ανάπτυξης και Επενδύσεων, και με τη συνδρομή της Ανεξάρτητης Αρχής Δημοσίων Εσόδων (ΑΑΔΕ), ανταποκρινόμενοι στις needs of businesses that have been negatively affected by the coronavirus crisis and in order to further facilitate them in the midst of this difficult time, they proceeded to amend the decisions for all cycles concerning the Repayable Advance. It was decided to extend the repayment for the beneficiaries and extend the repayment instalments.

In particular, with the issuance of relevant decisions (Government Gazette B 2614, 2615, 2626, 2659, 2669, 2670 and 2674) the grace period for the return of the repayable part for the Repayable Advance is extended until June 30, 2022 and the date of payment of the first installment is postponed to July 29, 2022.

In addition, the instalments for the repayment of the repayable amount of the aid received are increased from sixty (60) to ninety-six (96) equal monthly instalments, which are interest-free.

At the same time, the deadline for the alternative possibility of a one-off payment of the repayable amount of the aid received, with a 15% discount on the repayable amount, is extended accordingly until July 29, 2022.

The rates of aid for the repayable advance

It is recalled that the repayable part of the aid has been reduced. It is a prerequisite that the employee retention clause provided for in each cycle concerning the Repayable Advance has been complied with. It now stands at the following percentages of the aid received:

a) For businesses that have started work:

  • before 1 January 2019
  • did not open a branch from 1 April 2019 to 31 December 2020
  • have positive gross revenues in 2019

The percentages are as follows:

  • 25% of the aid. As long as the decrease in the gross revenue of the company in 2020 exceeds 70% compared to 2019 and the company shows losses before taxes.
  • 33.3% of the aid. As long as the decrease in the gross revenue of 2020 of the company amounts to at least 30% and up to 70% compared to 2019 and shows losses before taxes.
  • 50% of the aid. For all other businesses.

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 revenue in 2019

the percentages are as follows

  • 25% of the aid. Since 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.
  • 33.3% of the aid. For all other businesses.

Notifications

The notifications for the payment of the refundable amount will be posted in the information system of AADE "myAADE", in the option "Registry & Contact / e-Notifications", while a relevant e-mail will be sent to the e-mail address declared by the obligated party. Businesses will be able to see their debts from the repayable part of the aid in the AADE information system ("myAADE") in the option "Debts, Payments & Refunds".

Υπενθυμίζεται ότι η πληρωμή των οφειλών είναι δυνατή και μέσω του συστήματος IRIS Online Payments, στο myAADE (myaade.gov.gr), με άμεση πίστωση των οφειλών.

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