Almost 97 thousand companies covered by payment of VAT in installments

Virtually 97 thousand corporations benefited from the measure that permits the fee of the VAT of the second quarter in installments, in a worldwide quantity of 1,048.8 million euros, exhibits a Authorities doc introduced as we speak within the Social Live performance.

In accordance with the stability of the federal government’s response to the covid-19 pandemic measures delivered to the social companions, 96,907 corporations will be capable to ship second-quarter VAT (month-to-month or quarterly) in interest-free plans of three or six months.

This measure has an affect of 1,048.8 million euros, in keeping with the doc.

Concerning the measure that gives for the potential of delivering the installments of the withholding taxes within the second quarter, 68,498 corporations benefited with a price of 286.5 million euros.

The measures are geared toward corporations with a turnover of as much as 10 million euros and corporations with a turnover drop of greater than 20%.

In accordance with the Authorities doc, 52,080 corporations benefited from the particular adjustment scheme of the Cost on Account (PPC), a measure aimed on the corporations most affected by the pandemic disaster, with an affect of 780.3 million euros.

In flip, the extra contribution to the banking sector to strengthen Social Safety totaled 33 million euros.

On November 5, on the Order of Economists’ annual convention on the State Price range, the Secretary of State for Tax Affairs, António Mendonça Mendes, stated the default charge for corporations that adhered to installment plans to pay taxes was 3 %, which is equal to 40 million euros.

This flexibilization regime allowed “greater than 1,200 million euros of taxes” to be paid in “small tranches”, stated Mendonça Mendes.

“Of 1,200 million euros, we now have 40 million euros that haven’t been fulfilled”, stated the minister.

Throughout the scope of the State Price range for 2021 (OE2021), the deputies accepted a PSD proposal that creates a particular and transitory fee regime in installments of IRC and VAT within the 12 months of 2021, relevant to quantities as much as 25 thousand euros.

On this approach, taxpayers in class B of the IRS and micro and small and medium-sized enterprises (SMEs) will be capable to profit from a particular regime for the fee of each taxes, supplied that they’re nonetheless throughout the deadline for voluntary fee of the identical and have their tax and contributory state of affairs regularized.

The content material Virtually 97 thousand corporations lined by fee of VAT in installments seem first in O MINHO.

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