The law decree n. 41 of 22 March 2021, more commonly known as the “Sostegni” decree, is the first issued by the Draghi government.
Like the previous “Ristori” decree, this amendment aims to support all those professional categories hard hit by the Coronavirus pandemic, introducing some new features.
First of all, the number of recipients, no longer classified on the basis of the ATECO code to which they belong, was expanded, also including professionals registered with private funds. The application submission method has been improved, making it easier to fill in the form; New calculation criteria have been introduced with higher contribution percentages and it is possible to choose the payment method.
The Revenue Agency, on its official website, on 23 March 2021 published the provision governing the procedures for submitting the application and the conditions necessary for accessing the contribution. Based on this information, here is a valid guide with an indication of the main instructions for requesting and obtaining the grant.
Who are the beneficiaries of the “Sostegni” decree: access requirements
The non-repayable contribution can be requested by all those subjects, residing in Italy, holders of a VAT number who carry out business or self-employment activities, or who are holders of agricultural income.
The heir who continues the activity of the deceased can also access the contribution.
Public bodies, financial intermediaries, and holding companies are excluded from this benefit.
In order to access the application, two requirements must be met:
1) The applicant must have achieved an amount of revenues or remuneration not exceeding 10 million euros in 2019;
2) The monthly average of turnover and fees for the year 2020 must have recorded a negative difference of at least 30% compared to the same figure for the year 2019.
With regard to the second requirement, it is assumed that the VAT number was activated before 31 December 2018; otherwise, any professional who has opened a VAT number from January 1, 2019, and in any case no later than March 23, 2021, the date of entry into force of the “Sostegni” decree, can benefit from the contribution.
For these reasons, all those who, on the other hand, ceased their activity on 23 March 2021 are excluded.
Calculation of the amount of the contribution
The amount of the grant from the non-repayable fund is commensurate as a percentage to the difference in the monthly average of the turnover and the fees for the years 2019 and 2020. If in 2020 there has been a decrease in these values of at least 30%, then it is possible to access to the instance.
Once compliance with the requirements has been ascertained, it is possible to estimate the amount of the contribution following the following scheme:
– 60%, if the revenues and remuneration for the year 2019 do not exceed € 100,000;
– 50%, if the revenues and fees for the year 2019 exceed € 100,000 but not € 400,000;
– 40%, if the revenues and remuneration for the year 2019 are between 400,000 euros and the amount of 1,000,000 euros;
– 30%, if revenues and remuneration for the year 2019 exceed € 1,000,000 but not € 5,000,000;
– 20%, if the revenues and remuneration for the year 2019 exceed € 5,000,000 but not the maximum threshold of € 10,000,000.
Once the requirements have been met, the amount of the contribution will never be less than € 1000 for individuals and € 2000 for legal entities.
The maximum amount of the contribution, on the other hand, is 150,000 euros.
By way of example, let’s imagine a person who in 2019 recorded revenues of 380,000 euros in accounting, placing himself in the second bracket of the previous scheme. The amount of turnover and fees is respectively € 360,000 for the year 2019 and € 240,000 for the year 2020.
The amount of the contribution is calculated:
The year 2019 average monthly equal to 30,000 euros
The year 2020 with a monthly average of 20,000 euros
The difference between the two monthly averages is € 10,000, so the amount of the contribution is € 5,000.
How to submit and submit the application
The application for the non-repayable grant can be prepared and sent to the Revenue Agency starting from 30 March 2021 and no later than 28 May 2021.
The request must be transmitted exclusively electronically by the applicant or by an intermediary, such as one’s own accountant, provided that it has been previously delegated.
For the purpose of completing the application, it is necessary to complete the application form with an indication of the personal data of the applicant, the data necessary for calculating the amount of the contribution, and the choice of the disbursement method.
With regard to this last aspect, each person has the possibility to receive the sum of the contribution, by choosing the credit to their bank account, with the indication of the IBAN code or by opting for the recognition of a tax credit, which can be used in compensation by means of a model. F24.
Processing and outcomes by the Revenue Agency
Once the application has been sent electronically, the system will assign a protocol number to identify the application.
At this point, the Revenue Agency will carry out a series of checks in order to process the outcome of the application. If the data entered are correct, as an indication of personal data, IBAN code, and calculation of the amount of the contribution, the request will be accepted and the amount due will be paid in 5 working days.
Otherwise, the system can discard or suspend the instance. The application is rejected when it has a negative outcome, while the same is suspended if there are inconsistencies between the data entered and those present in the Tax Registry system.
If the application has been rejected, the taxpayer has the possibility to submit a new one no later than May 28, 2021.
The Revenue Agency reserves the right to carry out further checks and apply the penalties provided, including the return of the contribution if not due.