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Companies may defer social security contributions to Sodra, even if this assistance exceeds the de minimis principle. In this case, companies may request a deferral of contributions no later than June 30 of the following year, and the deferral period no later than the end of 2022.
Also in this case, the company must present the latest financial report and solvency recovery plan: how it will work and guarantee the payment of contributions. Interest will not be applied on deferred contributions.
Sodra is currently preparing support procedures and will notify you when it is ready to accept business applications.
Lithuania asked the EC in early October to harmonize the conditions for postponing social security contributions.
Thousands of businesses took advantage of Sodra’s tax assistance measures, the opportunity to defer social security contributions during the first wave of quarantine. However, we were unable to defer the desired amount of contributions for some companies due to the ceiling of state aid provided for in the Treaty establishing the European Economic Community.
This led to a request to the European Commission for state aid conditions for companies affected by COVID-19. The EC has approved such assistance to support the economy in the current COVID-19 outbreak, ”says Ježy Miskis, Deputy Director of Sodra.
No penalties will be imposed upon request
Sodra recalls that within the second wave of quarantine, companies and freelancers whose activities are restricted by a government decision and are included in the lists of companies affected by the State Tax Inspection (STI) COVID-19 may request tax aid from minimis.
Businesses should ask Sodra not to apply penalties during the quarantine period, and then request a deferral of payments in a streamlined way. Contributions are deferred without an interest and solvency recovery plan for up to five years. Businesses cannot pay deferred contributions for up to one year and then repay deferred debt within 4 years.
After the first wave of quarantine, Sodra received tax assistance from some 7,400 companies and freelancers. The amount reserved under simplified conditions was 130 million euros. EUR: almost as much as the debt to Sodra increased during the quarantine.
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