On March 13, due to the current situation we are experiencing due to the Codid-19 Coronavirus, the Government of Pedro S\u00e1nchez published in the Official State Gazette (BOE) of the Royal Decree-Law, a plan to help SMEs and Freelancers with a turnover of up to six million euros in trading volume in the previous year, that is, in 2019.<\/p>\n
The plan involves granting affected SMEs and freelancers deferrals and installments of their tax debts with the administration for a period of six months. Said deferrals refer to; Withholding of personal income tax, VAT paid and fractional payments of corporation tax.<\/p>\n
The measure is effective from March 13 and until May 30 of this year 2020, both inclusive. In this way, small companies and own-account workers who need it, may defer the payment of up to 30,000'00 euros in taxes for six months, with a three-month grace period. This means that the deferrals will be granted for a period of six months, but the companies will have the option of returning the money after three months and without paying interest.<\/p>","protected":false},"excerpt":{"rendered":"