FIXED EXPENDITURE SUBSIDY – HOW TO DELETE DEBT

The procedure for offsetting debts to the tax office begins with the amount of the subsidy to which the companies that have been included in the fixed expenses subsidy program are entitled.

In two steps, companies can determine the amount they wish to be allocated for the repayment of tax debts, to be informed about the obligations that have been repaid with the amount of the subsidy and the remaining available amount.

The steps that companies should take are:

Step 1:For companies that have applied for a loan on the “myBusinessSupport” platform, specifying the amount they wish to be available for the payment of tax debts, from the day after the submission of applications, is checked daily by AADE, automatically if The beneficiary companies show to TAXIS tax debts (income tax, VAT, ENFIA and other taxes) that have been or will be certified in the second half of 2021.

Step 2: In case the company has such debts, these debts are automatically repaid with the amount of subsidy of fixed costs that the company is entitled to, until this amount is exhausted.

The “myBusinessSupport” platform provides ongoing information to companies that have been included in the fixed costs subsidy for the following:

  • the initial amount that the company chose to allocate for the repayment of tax debts
  • the liabilities paid with the amount of the fixed costs subsidy (type of tax, repayment period)
  • the remaining amount available to pay off the company’s tax debts.

It is worth noting that there are certain hours between the submission of declarations and the appearance of the debts from the declarations in the personalized information in “myTaxisnet”. We therefore encourage companies to file tax returns that can be reimbursed from the fixed costs subsidy no later than two days before the tax payment deadline, so that the tax deduction can be made by the end of this period and they can see in time any balance to be repaid.

 

 

SOURCE:NAFTEMPORIKI