Your questions – Lost fund, aid to businesses and VAT numbers: how the online application is presented to the Agency

How and when can the non-repayable contribution provided for in the relaunch decree be requested for companies affected by the Covid emergency?

Signed letter, by e-mail

The non-refundable contribution (article 25 of decree law 34/2020) is due to VAT holders (companies, companies and self-employed workers) with 2019 revenues of up to 5 million provided that they had a higher drop in turnover in April 2020 33.33% compared to the same month last year. The contribution is a sum of money that will be reclaimed directly to the taxpayer and equal to a percentage (between 10% and 20% depending on the range of annual revenues) to be applied to the amount of the drop in turnover. The percentage 20% on the reduction in turnover for those who have revenues up to 400,000 euros in 2019, 15% if the revenues were between 400,000 and 1,000,000 euros, 10% if the revenues are between 1,000,000 and 5,000,000.

The contribution recognized for an amount not less than 1,000 euros for individuals and 2,000 euros for companies. For activities closed for the lockdown, the contribution may reach significant amounts. The request for the contribution must be submitted electronically to the Revenue Agency between 15 June and 13 August (provision of the Revenue Agency of 10 June which approved the model and instructions). In order to obtain the contribution, the order of presentation of the applications is not relevant because all requests sent in the period will be taken into consideration. The total allocation of funds for this significant contribution (over 6 billion total).

With the advice of Stefano Poggi Longostrevi