Non-repayable contributions coming, but watch the timing: when to submit the application


Good news for many who will benefit from important non-repayable grants, but watch out for the timing. Here is when to apply.

Soon many, as long as they meet certain requirements, will be eligible for non-repayable contributions. But who is entitled to it and by when do you have to submit a specific request? So let’s go into the details and see everything there is to know about it.

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Starting from Covid up to worrying general price increaseunfortunately, there are many factors that continue to have a negative impact on our lives both from a social and cheap. Unfortunately, many entrepreneurs have had to lower the shutters of their businesses.

Being able to meet the various expenses is thus increasingly difficult for many. Precisely in this context, therefore, it will be interesting to know that there is good news for many who will be able to benefit from important grants. But who is entitled to it and by when do you have to submit a specific request? So let’s go into the details and see everything there is to know about it.

Incoming non-repayable contributions: who is eligible and how it works

We have already said that many will benefit from important events in the course of 2022 non-repayable contributions, provided they meet certain requirements. Well, as can be seen from the Provision Prot. N. 171638 of May 18, 2022, the Revenue Agency has recently defined the terms and procedures for requesting the grant.

The latter, it is good to know, is intended for businesses that have remained closed due to Covid restrictions. Going into the details, it is necessary to know that this measure is aimed only at activities with ATECO 2007 code 93.29.10, that is discos, dance halls, night clubs and the like. But not only that, stakeholders must also present other requirements.

For example they must have achieved revenues of less than 2 million euros in 2019 and recorded in 2021 a reduction in turnover of at least 30% compared to 2019. The VAT number must have been opened before January 27, 2022. It must also be declared that as of January 27, 2022 the business was closed due to anti Covid restrictions.

Non-repayable contributions arriving, by when to apply: everything you need to know

The transmission of the application, as can be seen from the aforementioned provision “it can be carried out starting from 6 June 2022 and no later than 20 June 2022“. The Revenue Agency “Proceeds to distribute, equally for each subject
beneficiary”Depending on how many requests will be received.

The amount for each beneficiary, it is worth rememberingcannot exceed the maximum limit of 25 thousand euros. Subsequently, the Revenue Agency will check the declared requests and requirements. In the event that the contribution in question should be received improperly, then the Tax Authority will recover the relative amounts, complete with penalties and interest.

We remind you that the application can be sent directly by the applicant or through an intermediary. The important thing is to remember to pay attention to the timing, as you can proceed, as already mentioned, with the relative request only from 6 June 2022 until 20 June 2022.

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