ENFIA settlements until Monday – Double tax payments begin | ECONOMY

August, given the proportions and circumstances, fared much better than July for tax revenue, but the crash test continues to enter the difficult fall months.

With the … ravasakia of ENFIA, which is foreseen for the 15th day of the month at the latest and they “carry” around 2,500 million euros, a period of double payment of income tax and property tax begins, which ends at the end of February. At the same time, the fees of the previous regulations must be paid, VAT must be paid, contributions from companies and professionals must be paid, loans must be paid and, of course, Traffic Rates must be paid, which remain unchanged. And the question that arises is: will the taxpayers hold out?

The outlook so far allows for some optimism, as even in the harsh quarantine months, revenue streams remained at decent levels, typically no collapse occurred. Suspensions of taxes and levies helped to calm the situation, the extension of tax obligations to a horizon of eight months made it easier for taxpayers, while the “freezing” of quarantine taxes until the end of April and the obligation to reimburse in up to two years . What “burns” the financial staff is not so much this year, where the fiscal result is almost indifferent, but mainly in 2021 and the cash flows. With this in mind, increasing debt will make the equation difficult.

GSEVEE: One in four companies will have difficulties with their financial obligations

The AADE data, which showed a marginal increase in debt in early May, obviously does not reflect reality, even though it served as an injection of psychological tonic. Yet at the same time, market messages are clouding the horizon. According to a GSEVEE survey, for the next period the situation is described as sinister, since 1 in 4 companies declared that they will not be able to respond:

• on its credit liabilities with banks (23.9%)
• in rental obligations (24.8%)

At the same time, 1 in 5 companies stated that they will not be able to answer:

• on its tax liabilities (22.2%)
• on its insurance liabilities (21.9% to the old OAEE and 17.5% to IKA)
• liabilities with suppliers (19.9%)
• liabilities for energy accounts (20.2%) and other accounts (19.7%)

One in three small businesses fear a potential closure

Small and very small businesses are in a particularly unfavorable position in terms of their viability as there is a sharp deterioration of the data, compared to the most recent FHW GSEVEE Economic Climate Surveys.

Almost 1 in 3 (32.7%) small and very small companies express the fear of a possible cessation of their activity in the near future. In particular, 13% stated that with the existing conditions it is very likely that they will stop operating while 19.7% stated that it is quite possible. Of these companies, 17.9% said they could stop operating in a quarter, 42% in one half, and 38.2% later. In the individual data, the highest percentages were registered in the service sector (35.9%), in companies with the lowest turnover (44.5%) and in companies without staff (45.7%).