1. Suspensions of business taxes and contributions
Caution! The measures concern all, but strictly, businesses that belong to the sectors that are severely affected by the appearance and spread of the coronavirus.
The measures are horizontal, as they concern all businesses of specific Activity Code Numbers (KAD), whether they remain open, whether part of their activity is operating, whether they are closed by government order, or they are closed on their own initiative.
They do not concern the entire economy!
The KAD will be defined by the Ministry of Finance, based on the daily data of electronic transactions available to it, in combination with the relevant decisions to prohibit the operation of specific branches that have been issued.
The period of application of the measures concerns the month of March, and, if required, an extension will be given.
For all businesses in the aforementioned branches, the following payments are suspended for 4 months, i.e. until July 31 for March debts, without interest and surcharges:
– The payment of debts confirmed by VAT returns, payable in March.
- The payment of all kinds of confirmed debts to the D.O.Y. or the Control Centers.
– The payment of the installments of arrangements for partial payment of confirmed debts.
It is emphasized that the condition of suspending the tax and insurance obligations of companies is the preservation of existing jobs!
It is estimated that about 220,000 private businesses, with about 600,000 workers, have been suspended, in whole or in part.
At the same time, at least 100,000 additional businesses, with more than 200,000 employees, that have not been closed by state order, are drastically affected by the economic effects of the coronavirus, and will be included in the measure.
2. Freelancers, self-employed and sole proprietorships.
For the self-employed and sole proprietorships operating in industries that experience a drastic reduction in economic activity due to the emergence and spread of the coronavirus, all tax obligations, payable in March, are postponed for 4 months.
Note: The above wording (in the text of the announcements), in our opinion, needs further interpretation, as it is not clearly stated whether it also concerns the submission of statements, apart from the obligations payable within March.
Source: Address Epsilon Net Team