ROME – The average compensation provided by the “Refreshments” decree for companies directly or indirectly involved in the selective closure will be a minimum of 2,000 euros. For some categories, such as nightclubs, which have been closed for months, the subsidy may reach 400 percent of that already obtained last June, for all other categories it is expected to at least double. Cost of the entire decree: 4 billion, all financed with the “advanced” resources of this year’s measures.
Lost fund, tax credit, new layoffs: government measures for companies arrested by the blockade
Who will be entitled to compensation?
The number of sectors that enter into the loss recovery operation due to the new block of activities also increases: in addition to companies that have a limited block (such as bars and restaurants) or complete (gyms, swimming pools, cinemas) or with prolonged blockage ( such as nightclubs) will enjoy reimbursements, in the last hours, also sectors that have suffered indirect damage such as hotels, fairs, events sector, box office for shows, artisans of tools and lighting, performance sector, betting lotteries. In the queue, but the question keeps dancing, the taxis and the NCC complain.
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What criteria to access?
In addition to being part of the categories directly or indirectly affected by the confinement and cited by the Dpcm – we are talking about 400 thousand subjects – it will be necessary to have had a turnover loss of at least 33 percent between April of this year and April . 2019. These subjects will be reimbursed 20 percent of the loss (with a turnover of less than 400 thousand euros), 15 percent (less than 1 million), 10 percent (less than 5 million), 10 percent above 5 million.
Double or triple compensation for the worst off
The criterion for reimbursement of losses will be doubled depending on the severity of the closure: it starts from 100 percent for the least affected categories, going to partial or total closures, up to 400 percent for discos that have been closed for months.
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Veterans is a new entry
Those who have already received the refund last June will not have to do anything, a transfer from the Tax Agency will arrive on November 11 to the checking account. For some “veterans” of the operation it will be the same, for others it will be double or triple. New entries, that is, those that did not have a refund in June, will still have to prove that they had losses in April compared to April, but they will have to apply. Transfers scheduled for December 15.
Discount on store rentals
For October and November (but December is also at stake) comes a new tax credit for the categories invested by the selective blockade. The 60 percent tax credit will be valid for those who have had a loss of turnover and will be able to benefit as a result of what happens due to the disbursement of the non-refundable fund, even those with income above 5 million. The leased companies will be able to transfer the tax credit “in the rental account” to the owner (total cost 260 million). The second installment of IMU of December 16 for 114 million will also be canceled for companies.
Expanded dismissal fund
The cost is 1,600 million, it is about extending the Covid layoffs for another 6 weeks until the end of the year (in fact it expires in mid-November). The remainder of the extension until next spring will be included in the budget law.
Emergency and seasonal income interventions also for the weakest sectors of the population. A new emergency subsidy will be paid for families under 15 thousand Isee income (it will be worth, for example, 720 euros for a family of four). One-off grant of 600 euros also for seasonal shows, tourism and sports.
