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From this Thursday, October 8, the dependent and independent workers and individual entrepreneurs can check if they meet the requirements to qualify for the State loan with a real interest rate of 0%, up to $ 650 thousand, designed to support those who have faced a reduction in their income as a result of the health emergency.
This, after the publication of the CPI September, information from which the Internal Revenue Service (SII) was able to update the data to enable the option.
Dependent workers and entrepreneurs
To access this benefit, dependent workers and sole proprietorships they must register an average taxable income equal to or greater than $ 400 thousand during 2019; and have a decrease in income of at least 30% in the month prior to the one requesting the benefit.
That is, to apply in October September earnings should be considered.
The solidarity loan corresponds to 70% of the decrease in income that the taxpayer experienced, with a ceiling of $ 650 thousand and can be requested for up to 3 continuous or discontinuous months, between August and December 2020.
Independent workers
For their part, independent workers They can also access up to three times -between June and November- a similar, repayable loan with a real rate of 0%, readjusted according to the CPI.
That is, if they asked for the loan in June, July and August, they have already completed the maximum possible application for the benefit.
To do this, they must have issued electronic fee tickets in at least 3 months between April 2019 and March 2020, or in at least 6 months between April 2018 and March 2020.
Furthermore, in the month of August 2020, the Income from electronic fee tickets must have been reduced by at least 30% compared to the average between April 2019 and March 2020.
These amounts will not be subject to any tax or administrative withholding, except the withholding of up to 50%, for the concept of alimony debt.
Repayment of the Solidarity Loan
The reimbursement of this benefit must be made from 2022, in 4 installments, according to the following detail:
-1 ° installment equivalent to 10% of the benefit delivered, to be paid in 2022.
-2 ° installment equivalent to 30% of the benefit delivered, to be paid in 2023.
-3rd installment equivalent to 30% of the benefit delivered, to be paid in 2024.
-4 ° installment equivalent to 30% of the benefit delivered, to be paid in 2025.
The taxpayer may make advance payments, if he prefers. The mechanism for this will be informed in due course.
The annual reimbursement fee should not exceed 5% of the total income reported in your Income Statement. If, due to the application of the indicated cap, after the last payment a balance of the debt is maintained, it will be forgiven.
To support facilitating this withdrawal, as of September 1, 2021:
-Dependent workers will have a withholding of 3% in addition to the one that usually corresponds to them.
-In the case of individual entrepreneurs, they must also increase the PPM rate by 3%.
-The independent workers must make an additional monthly provisional payment, or an additional withholding of 3%.
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