As well as the guarantee on loans in the self-declaration

Covid State Aid Self-Declaration: Guarantee on loans also goes beyond the limits set by the temporary framework. This is what the Ministry of Economy and Finance explained in answering a question on the matter in the Senate Finance Committee.

Covid State Aid Self Advertisement: Collateral on loans also affects Going beyond the limits set by the EU Temporary Framework.

To confirm this is The Ministry of Economy and Finance In response to a question on the matter on July 5, 2022 in the Senate.

illustration adds to instructions On the assembly provided byrevenue agency With savings last April 27.

After waiting for more than a year, a file Information about declarative fulfillmentwhich, however, did not put an end to doubts about Correct assembly method.

In addition to Expiry in principle is set for June 30 and then Until November 30In fact, the data to be entered led to a discussion of taxpayers and professionals.

Covid State Aid self-advertisement: Even collateral on loans affects border crossings

and straight Amounts for reference Which contributes to exceeding the limits set COVID Interim Framework for State Assistance The The Ministry of Economy and Finance Adding a new element related to the loan guarantees of the Small and Medium Enterprises Fund.

As for the emergency period, in fact, Article 13 of the liquidity decree provides for up to a series of Exceptions to the normal rules.

In particular, emphasis is placed on Two types of guarantees offered:

  • one to one 100 percent Who helps loans with a reduced amount of Companies and the self-employed affected by the epidemic (letter M of Article 13, paragraph 1, of Legislative Decree No. 34/2020);
  • Regrant Up to 90% of the loan amount (Letter C of Article 13, Paragraph 1 of Legislative Decree No. 34/2020).

As confirmed by the Undersecretary of the Ministry of Economy and Finance Maria Cecilia Guerra In the Senate Finance Committee during the matter of July 5, 2022, the two guarantees fall respectively at Section 3.1 And the 3.2 subordinate EU Temporary Framework for Action on COVID-19 Country Assistance.

Despite this difference and despite the help Section 3.2 It should not be included in self-declaration, based on the rules to be followed Both guarantees in a different way they suppose Their weight is in the account It is performed to check that the established limits have been exceeded.

Covid State Aid Self-Declaration: How to Indicate Collateral on Loans

there Full guarantee on bank loans be absorbed in a non-repayable grant

“Since an assessment of the creditworthiness of the borrower has not been carried out and the lending party does not bear any risks”

The Ministry of Economy and Finance explained.

Thus, the entire amount affects the verification of the ceiling ceiling.

Limited Amount Aid – Section 3.1 of the Interim Framework for State Assistance Measures to support the economy in the current Covid-19 emergency
kind of business amount a period
Unique project 800 thousand euros From March 19, 2020 to January 27, 2021
1,800,000 euros From January 28, 2021 to December 31, 2021
2,300,000 euros Amount from December 31 to June 30, 2022
Companies operating in the fishing and aquaculture sector 120,000 Euro From March 19, 2020 to January 27, 2021
270 thousand euros From January 28, 2021 to December 31, 2021
345 thousand euros Amount from December 31 to June 30, 2022
Companies operating in the primary production sector of agricultural products €100,000 From March 19, 2020 to January 27, 2021
225 thousand euros From January 28, 2021 to December 31, 2021
290 thousand euros Amount from December 31 to June 30, 2022

The rule that applies to different Guarantee up to 90 percent: Help is part of Section 3.2 of the Temporary Framework for which there are maximum limits on the loan amount, determined by the company’s turnover or salary criteria, but due to favorable conditions resulting from it should also be included in Section 3.1.

agent Maria Cecilia Guerra In the question on 5 July he clarified:

Section 3.2 also states that These guarantees are granted against payment of an annual guarantee premiumto a limit equal to at least the annual premiums shown in the table referred to in the same Section 3.2.

However, the legislator in the aforementioned Article 13 of the Legislative Decree n. 23 of 2020, among the various favorable conditions for companies, also provides for a complete free of charge of the guarantee issued by the fund. Therefore, since the Fund issues free guarantees as a result of this provision, the difference between the guarantee premium imposed by Section 3.2 of the Interim Framework and the premium (equal to 0) applicable to the Company, constitutes an additional element of the assistance associated with the Fund’s guarantee, which must necessarily be framed, Technically Premium Discount Guaranteein Section 3.1 of the Temporary Framework”.

From the explanations given, it is thus clear that both guarantees, based on different characteristics, contribute to exceeding the limits set by him Section 3.1 of the Interim Framework for the Covid State Aid Program.

But it is also clear that It is not an instant determination rule.

Self-declaration of government aid: loan guarantee is also included in the calculation of the limit
Text of Parliamentary Question to Under Secretary of State Maria Cecilia Guerra

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