Refundable Advance Payment 6: When is the second installment paid?

On Wednesday, the first installment of the «Refundable Advance Payment 6», i.e. approximately €158 million, and a second one will take place within the week. disbursement from the program, clarified the Minister of Finance, Christos Staikouras. As the Minister of Finance noted, the Refundable Deposit, the subsidy of fixed business expenses and the program «Bridge 2» for business loans, will be the main «weapons» for strengthening businesses in the coming period. At the same time, the Minister of Finance spoke about what will happen with the readjustment of objective values and the reduction of ENFIA.

«As of March 16, the cost of the decisions correctly taken by the government is €1.2 billion, of which €520 million is in retail trade. »We have the ability to cover a significant percentage of these losses with our cash reserves," he emphasized. Christos Staikouras speaking to Mega.

Refundable Deposit

About the «refundable deposit»Regarding the companies that are not included, the minister stated that «yesterday, the first installment of the refundable advance payment of 6, approximately 158 million euros, was paid. A second disbursement will be made within the week. We have set certain criteria for the refundable advance payment, which must be met in order to prove that someone has been affected. Of those who made applications, In January 2021, 138,000 businesses reported turnover higher than in 2020. 188,000 businesses did not report €200 in turnover in January 2020. When you give €500 of Greek taxpayers» money to someone who is supposed to be affected, this must be proven. There will be another refund in April. We compared the turnover of 2020 with that of 2019. 194,000 businesses reported that they did better in 2020 than in 2019. So far, all refunds are based on turnover. Resources are not unlimited. We have given 7 billion to 550,000 businesses through the rebate. We have reduced the tax advance and covered rents. We are doing everything we can to cover part of the damage.

Subsidy for fixed-rate loans

About the subsidy plan fixed costs businesses, when they open, Mr. Staikouras said that «regardless of the choices in the health sector, we must be close to entrepreneurship and next month and the return to normality. Our proposal will be to cover basic fixed costs. In the coming days, we will also announce the Bridge program for businesses. With a refundable advance payment, fixed costs, and Bridge, we are coming to help businesses.».

Compensation to property owners

With regard to compensation payments To property owners, the minister said that this measure «will also apply in March. Yesterday, we paid another 31,000 property owners for November and December. These are owners who have put their backs into it. We have set timetables for how owners will be paid for January.».

When asked about the reinstatement of paper receipts, he stated that «this was a correct measure because we want to reduce tax evasion. Consumption has decreased, but electronic transactions have increased. We need to look at the decline in consumption and cross-reference it with the increase in electronic transactions.».

Reduction in ENFIA (property tax)

On the issue of adjusting objective values and reduction of ENFIA, The minister said that «this is something we would have liked to have completed last year, but due to the health crisis, it has not been completed. We have reduced the ENFIA tax by 22% and we want to see a further reduction of 8%. This depends on how long the health crisis lasts, but also on the exercise of objective values. The goal is to tax the country's wealth even more where it really needs to be taxed. Whatever the outcome, it should be given to the other part of society that has been most affected by ENFIA over the years. We aim to complete the exercise of objective values this year.