ADE: In what case are the co-payers responsible for the reimbursement of the repayable advance?

All co-democrats will be chased by ADE to get the Returnable Advance, in case the company that received financial support during the pandemic period was closed, merged or the recipient died. In order to ensure that the State does not lose up to 70% of the ‘tired’ amounts that the recipients of the Returnee are invited to return in up to 96 instalments, a provision was forwarded to the House (in the Bill establishing an additional 15% tax on multinational profits), according to which a specific procedure is provided in the event of events which make it impossible to collect the amount from the beneficiary. It is clear that since the debt has been secured by the IRS, debt is inherited to fellow debtors while if the company was acquired or merged, the successor scheme is also responsible for the repayment of the repayable part of the aid which constituted a ‘injection’ of survival for 700,000 businesses and freelancers during the difficult period of the pandemic. It is recalled that after several haircuts of EUR 8.7 billion of total aid, refunds to the State were limited to EUR 3 billion with the possibility of either a one-off repayment or instalments. That is, about EUR 5.5 billion was essentially a subsidy from the state whose budget has been committed. In accordance with the provision, the VAT of a natural person who has died, as well as a legal person or legal entity who has resolved or completed the winding-up work or was deleted from the General Commercial Register, shall be used: For the purpose of verifying the refundable amount of aid in the form of a repayable advance granted for the declaration of the unduly paid amount of aid, for the purpose of verifying the legitimate interest on the amounts, the financial penalties for failure to comply with the conditions of the aid granted and: for the recovery of the refundable amount. It is specified in particular that for the payment of these debts they are personally and in solidarity with the legal person or legal entity that owes them, persons with properties such as: executive presidents, directors, directors-general, administrators, managing directors, trustees and legal entities, and persons exercising the management or management of a legal person or legal entity. They are essentially the persons responsible for the payment of income tax, withholding tax, any tax levied, VAT and the EN. F.I.A., due to these legal persons and legal entities, regardless of their time of confirmation, as well as for interest, fines, increases and any administrative financial penalties imposed on them. The provisions shall apply to attestations made from 1 January 2023 onwards.