The Government has approved in recent days a battery of economic, labor and fiscal measures, including the mobilization of 200,000 million euros, to combat the effects of the
Coronavirus pandemic.
These are the main ones, in addition to those known this Wednesday with the publication in the Official State Gazette (BOE) of the last decree law approved by the Executive:
MEASURES FOR BUSINESSES
– Line of guarantees of up to 100,000 million euros available to companies. Additional guarantees for 2,000 million for exporting companies.
– SMEs and the self-employed can postpone tax debts with the administration (such as withholdings of personal income tax or VAT passed-on fees) for up to 30,000 euros and a period of six months with a three-month grace period.
– A system of suspension of public contracts for contractor companies with the Administration is established, which will entail the extension of terms and compensation of wages.
– Reform of the regulations on foreign investments to prevent companies from countries outside the European Union (EU) from taking control of Spanish entities in strategic sectors, taking advantage of their fall in the stock market.
– Postponement of repayment of loans from the General Secretariat for Industry and Small and Medium Enterprises.
– Expansion of the ICO’s financing capacity by 10,000 million euros.
– The term to hold the ordinary general shareholders’ meetings is extended from six to ten months, which may be telematic and anywhere in the national territory.
– During the state of alarm, the sessions of the governing and administrative bodies of civil and commercial companies may be held by videoconference and the agreements of the board of directors and audit committee adopted by this means will be considered valid.
– The deadline for submitting annual, biannual, audit, interim statement of management and preparation of accounts is extended.
– Insolvent companies are exempt from the obligation to declare bankruptcy -ancient suspension of payments- while the state of alarm lasts.
LABOR MEASURES
– Workers infected with the
Coronavirus or in preventive isolation are granted sick leave due to occupational disease, which allows them to collect the benefit from the first day, for a higher percentage of the salary -75% of the regulatory base- and charged to the Administration.
– All the temporary employment regulation (ERTE) files related to the
Coronavirus are considered force majeure and the procedure is expedited so that they are resolved in 5 days, provided they are approved after the entry into force of the royal decree-law and maintained employment six months after the resumption of activity.
– The companies that present these ERTE are released from the payment of 100% of the social contributions that correspond to them if they have less than 50 workers and 75% if they have 50 workers or more.
– All workers affected by an ERTE have the right to receive unemployment benefits even if they lack the minimum period of required employment required for this, including members of cooperatives, discontinuous permanent workers and those who perform fixed and periodic work on certain dates.
– The time that the unemployment benefit is received during an ERTE will not count for the purposes of consuming the maximum periods of perception established.
– The right to adapt or reduce working hours is recognized for workers who demonstrate care duties derived from measures to combat
Coronavirus, without limit and with 24-hour notice.
– The risk assessment of telework is considered to have been fulfilled with a self-assessment carried out voluntarily by the worker.
– The unemployment benefit will be extended “ex officio” even if it cannot be requested by the recipient or the required documentation is presented within the established period.
MEASURES FOR THE SELF-EMPLOYED
– The self-employed whose activity has been suspended by the declaration of the state of alarm or who suffer severe losses due to this situation may access an extraordinary benefit for cessation of activity, which will be calculated with 70% of the regulatory base or 70% of the minimum base when the right to benefit cannot be proven.
– The self-employed in these conditions will be exempt from paying the fees to Social Security.
MEASURES FOR THE TOURISM SECTOR
– Financing line of the Official Credit Institute (ICO) for an amount of 400 million euros to meet the liquidity of companies and self-employed in the tourism sector.
– Extension of the Social Security bonuses for discontinuous fixed contracts that are made between
February and
June linked to tourism.
– Flexibility of the rules of air strips (slots) so that airlines are not forced to use them for fear of losing them.
– Renfe tickets can be canceled or exchanged at no cost.
– Imserso trips are suspended and the amount of the contracted trips is returned.
MEASURES FOR VULNERABLE GROUPS
– The families that are most affected by the
Coronavirus crisis, either due to loss of employment or business, may benefit from a moratorium that frees them from paying their mortgages for a time.
– Cutting off electricity, water and natural gas supplies to vulnerable consumers is prohibited.
– 600 million euros are destined to finance basic benefits for regional and local social services, particularly home care for the elderly and dependents.
MEASURES FOR CONSUMERS
– Interruption of the return period of the products while the alarm status is in force.
– The prices of the butane cylinder and the regulated gas rate remain frozen for the next six months.
– The portability of fixed and mobile telephone numbering is suspended, except for those that are in progress prior to the declaration of the state of alarm and those due to force majeure.
– The possibility of interrupting the provision of the electronic communications service for reasons other than those of network integrity and security is abolished.
OTHER MEASURES
– Extension of the deadlines for tax procedures until
April 30 (if they began before the entry into force of the royal decree law) or May 20 (if they started after), without affecting self-assessments or informative declarations.
– The capacity is foreseen that the customs clearance can be carried out by any organ or official of the customs area to guarantee the supply chain.
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