How does the Government's shock plan affect self-employed workers, SMEs, and professional consultancies and offices?
Posted: Sat Dec 21, 2024 4:59 am
The Government of Pedro Sánchez has approved a shock plan aimed at cushioning the effects that COVID-19 can have on the Spanish economy .
Self-employed workers, SMEs, consultancies and professional offices, as well as workers, will be able to benefit from certain measures contained in the Government 's shock plan related to the business sector.
Will they be enough to mitigate the economic effects of Covid-19? How will the business sector be affected ?
Pay close attention to this post, in which we analyze all these issues.
The coronavirus crisis has mobilised governments around the world to tackle the problem. Spain has also, logically, taken action by approving a shock plan that will involve a cash injection of 200 billion euros, or 20% of the country 's GDP .
This unprecedented ghana email list investment, in which the State becomes the main guarantor of operations, is broken down into the following figures :
100 billion euros allocated in public guarantees for loans to companies.
18 billion to strengthen healthcare, delay taxes or protect vulnerable workers and families .
80 billion in risk coverage, mortgage moratoriums and bills to be paid by the private sector.
Share: Start of marked textThe Government will mobilise 200 billion euros to support businesses, employment and to help the most vulnerable groups. End of marked text
The main measures implemented by the Government of Spain in the business sector
In addition to the logical and essential measures to avoid further infections while preserving the health of all citizens , including limiting the free movement of people in Spanish territory, the Government has launched a package of measures that includes financial aid and benefits for the self-employed, SMEs and workers.
The ultimate goal is to ensure that this temporary situation does not become permanent and end up leading the country into a dead end .
Below we review the measures contained in the shock plan that affect the business sector at the tax, labor and Social Security levels.
Measures for self-employed workers and companies
These are some of the most important initiatives contained in the royal decree-laws approved by the government throughout the month of March that affect self-employed workers , SMEs , and professional offices and consultancies .
Deferral of payment of tax debts
SMEs and self-employed people affected by the coronavirus are granted a six-month deferral of tax debts . However, not everyone will be eligible : only companies or self-employed people who do not exceed a turnover of 6,010,121.04 euros in 2019 , or whose debt amount is less than 30,000 euros, will be eligible.
Companies that file for ERTE will not pay Social Security contributions
This measure is intended to prevent a possible mass layoff of workers from any sector .
Access to the extraordinary benefit for cessation of activity for self-employed workers
All self-employed workers forced to close due to the state of emergency or with a 75% drop in income related to COVID-19 can benefit from the extraordinary benefit for cessation of activity.
Likewise, the period during which these professionals receive unemployment benefits will not count for Social Security purposes.
Measures for workers
Unemployment benefits during the state of alarm do not count
As with self-employed workers, workers who received this benefit during the state of emergency will not have exhausted their unemployment benefit. If a worker is laid off in the future, they will start receiving it from scratch .
It is worth highlighting that the fact that workers affected by ERTEs have access to this benefit without requiring a waiting period , and that the duration is extended until the end of the period of suspension of the contract or temporary reduction of the working day , is very positive for this group . “The ten major labor doubts about the coronavirus” Via Expansion
Adaptation of the working day
All workers will have the right to reorganize or reduce their working hours, even up to 100%, to care for relatives, the elderly or children, in the face of the closure of schools and social services.
Self-employed workers, SMEs, consultancies and professional offices, as well as workers, will be able to benefit from certain measures contained in the Government 's shock plan related to the business sector.
Will they be enough to mitigate the economic effects of Covid-19? How will the business sector be affected ?
Pay close attention to this post, in which we analyze all these issues.
The coronavirus crisis has mobilised governments around the world to tackle the problem. Spain has also, logically, taken action by approving a shock plan that will involve a cash injection of 200 billion euros, or 20% of the country 's GDP .
This unprecedented ghana email list investment, in which the State becomes the main guarantor of operations, is broken down into the following figures :
100 billion euros allocated in public guarantees for loans to companies.
18 billion to strengthen healthcare, delay taxes or protect vulnerable workers and families .
80 billion in risk coverage, mortgage moratoriums and bills to be paid by the private sector.
Share: Start of marked textThe Government will mobilise 200 billion euros to support businesses, employment and to help the most vulnerable groups. End of marked text
The main measures implemented by the Government of Spain in the business sector
In addition to the logical and essential measures to avoid further infections while preserving the health of all citizens , including limiting the free movement of people in Spanish territory, the Government has launched a package of measures that includes financial aid and benefits for the self-employed, SMEs and workers.
The ultimate goal is to ensure that this temporary situation does not become permanent and end up leading the country into a dead end .
Below we review the measures contained in the shock plan that affect the business sector at the tax, labor and Social Security levels.
Measures for self-employed workers and companies
These are some of the most important initiatives contained in the royal decree-laws approved by the government throughout the month of March that affect self-employed workers , SMEs , and professional offices and consultancies .
Deferral of payment of tax debts
SMEs and self-employed people affected by the coronavirus are granted a six-month deferral of tax debts . However, not everyone will be eligible : only companies or self-employed people who do not exceed a turnover of 6,010,121.04 euros in 2019 , or whose debt amount is less than 30,000 euros, will be eligible.
Companies that file for ERTE will not pay Social Security contributions
This measure is intended to prevent a possible mass layoff of workers from any sector .
Access to the extraordinary benefit for cessation of activity for self-employed workers
All self-employed workers forced to close due to the state of emergency or with a 75% drop in income related to COVID-19 can benefit from the extraordinary benefit for cessation of activity.
Likewise, the period during which these professionals receive unemployment benefits will not count for Social Security purposes.
Measures for workers
Unemployment benefits during the state of alarm do not count
As with self-employed workers, workers who received this benefit during the state of emergency will not have exhausted their unemployment benefit. If a worker is laid off in the future, they will start receiving it from scratch .
It is worth highlighting that the fact that workers affected by ERTEs have access to this benefit without requiring a waiting period , and that the duration is extended until the end of the period of suspension of the contract or temporary reduction of the working day , is very positive for this group . “The ten major labor doubts about the coronavirus” Via Expansion
Adaptation of the working day
All workers will have the right to reorganize or reduce their working hours, even up to 100%, to care for relatives, the elderly or children, in the face of the closure of schools and social services.