Online application opened yesterday my business support to encourage more than 10,000 businesses and professionals to start submitting supporting documents so that they are not forced to return the full amount received from seven rounds refundable contribution. According to the decision of the Ministry of Finance, beneficiaries can submit supporting documents on the electronic platform from yesterday until May 31. The first installment must be paid no later than June 30th. According to the decision, the above enterprises lose the right to an additional 15% discount in the event of a lump sum payment, but discounts are applied depending on the damage caused to them during the pandemic. In particular, the decision states the following:

– In case of failure to provide the necessary supporting documents, debtors can do this from February 1 to May 31, 2023 through the “myBusinessSupport” electronic platform.

For confirmed amounts, the payment deadline is extended until June 30, 2023. In case of confirmation of overpayments due to non-compliance with the obligation to retain employees, a new calculation is carried out, taking into account the positive regulation of November last year. , which provides that the difference in the average number of employees for the months of maintenance obligations must be less than one unit (against the applied zero) in relation to the initial number of employees employed by the enterprise.

If, after the recalculation of the employee retention obligation and the deadline of May 31, 2023 for filing the required supporting documents, it appears that the company’s obligations have been met, AADE will issue a new liquidation notice.

The new name of the collection (Clearing Invoice) provides for 96 installments without a 15% discount on a one-time payment.

The deadline for submission of documents expires on May 31 – until June 30, payment of the first of 96 installments.

If, after the recalculation of the employee retention obligation and the deadline for submitting the required supporting documents on May 31, 2023, it turns out that the company’s obligations have not been met, the amount will be refunded in full. In this case, the competent tax authority decides on the return of the amount of assistance and the corresponding interest.

Lenders must submit:

– A responsible statement by the company’s accountant certifying that the company as of 12/31/2019 either did not lose more than half of its authorized capital due to accumulated losses, or did not lose more than half of its capital, reflected in its company accounts, due to accumulated losses. The above is not required in the case of self-employed individual enterprises, as well as in the case of small and very small businesses.

– In addition, if it is a large company, confirm that over the past two years: the company’s debt-to-equity ratio was no higher than 7.5 and the company’s EBITDA interest coverage ratio was no less than 1.0.

– A single certificate of judicial solvency.