The Treasury extends the zero cost of the tax holiday for SMEs and the self-employed by one month

638,652 businessmen have already requested 1.01 million applications to benefit from a measure that has allowed them to delay the payment of 3,031 million euros

The Government has once again pulled the fiscal lever this Tuesday to give some breathing space to SMEs and the self-employed in the face of the liquidity tensions caused by the crisis unleashed by the Covid-19 coronavirus crisis.

Specifically, the Council of Ministers has extended by 30 days the tax payment moratorium already in place for small business owners, which goes from three to four months of deferral at no cost to taxpayers.

The measure was approved on March 12, two days before the state of alarm decree and allows self-employed SMEs to defer the payment of up to 30,000 euros in taxes such as personal income tax, corporation tax or VAT for a maximum period of six months with a three-month grace period. in which no cost or interest is applied, which now lasts four months.

The measure was part of the plan sealed with Citizens to guarantee their support for the extension of the state of alarm, which the Executive seeks to keep in force until the end of the de-escalation measures plan.

To date, as detailed by the Minister of Finance and Government spokesperson, María Jesús Montero, 638,652 businessmen have already requested 1.01 million applications to benefit from a measure that has allowed them to delay the payment of 3,031 million euros.

The measure adopted is part of a new omnibus royal decree law that includes a wide range of measures. In tax matters, the Government's decision to adapt the corporate tax declaration also stands out to allow those companies that did not approve their annual accounts before the deadline for the declaration as a result of the pandemic, to present those available at that time.

On the other hand, the Council of Ministers has given the green light to incentives in loan moratoriums, mortgages and other types, expanding the beneficiaries following, Montero said, the recommendation of the European banking authority to limit the impact of the crisis.