- The coverage of unemployment benefit is extended to workers made redundant during the trial period of a new job.
- The tax bases are adjusted to the economic situation, freeing 1,100 million euros of liquidity for companies, particularly SMEs and the self-employed.
- The VAT applicable to the supply of medical equipment from national producers to non-profit public entities and hospital centers is reduced to 0%, with savings of more than 1,000 million euros.
- The VAT on electronic books, magazines and newspapers is also reduced to align it with that applicable to paper ones.
- The ICO Guarantee Line of 100,000 million euros will cover company notes and reinforce the mutual guarantee societies of the Autonomous Communities.
- The Insurance Compensation Consortium is empowered to act as a reinsurer of credit insurance risks, which will strengthen the channeling of resources for commercial credit.
- The scope of application of the ERTEs is increased due to force majeure to cover significant drops in activity in those sectors considered essential that have also seen their incomes decrease.
- The preferential nature of remote work is extended for two months, as well as the right to adjust the schedule and reduce the working day.
- A mechanism is established for the renegotiation and postponement of the payment of business premises rent.
- Notary fees for novation of non-mortgage loans are reduced.
- Flexibility measures are adopted to adjust the regulations for certain sectors and activities to the current situation, including those for ports, university research, technology centers, agricultural workers and cooperatives.
- A sports Foundation is created, endowed with funds from the sale of audiovisual rights to football to help finance and provide stability to the federal sport, the Olympic and Paralympic sports.
April 21, 2020.- The Council of Ministers approved on Tuesday a new package of economic and social measures focused on supporting companies and workers that reinforces, complements and expands the decisions adopted since the second week of March to counter the impact of COVID-19.
All these measures aim to respond to the support needs derived from the prolongation of this exceptional situation, protect and support the productive and social fabric, minimize the impact of the crisis, prevent the epidemic from leaving permanent scars in society and in society. the Spanish economy and facilitate economic activity to recover as soon as the public health emergency situation begins to subside.
The new package is articulated through a Royal Decree-Law that incorporates more than 30 measures that reinforce the financing of companies, offer support in the fiscal field, facilitate the adjustment of the economy and protect employment and citizens.
The measures adopted will mean an injection of additional liquidity for the economy as a whole, which will especially benefit the self-employed and SMEs, and will help preserve economic activity and employment.
Measures to protect citizens and employment
In order to continue protecting and covering people who in the current context do not have access to unemployment protection, the coverage of the benefit is extended to workers whose contracts have been terminated during the trial period of a new job since on March 9 or those who have voluntarily terminated it since March 1 for having a firm job offer that has declined.
The regulation of the ERTEs is also modified due to force majeure, to cover the significant reductions in activity in those sectors considered essential, but which have been affected by the measures to reduce mobility and have seen their income decrease.
The protection of discontinuous permanent workers is strengthened and the coverage established in Royal Decree-Law 8/2020 is extended to workers who have not been able to return to their activity on the dates scheduled as a consequence of COVID-19 and who do not comply with the requirement of legal unemployment status, or they cannot access unemployment benefit due to lack of the necessary contribution period.
In order to facilitate the adjustment of the economy to the current situation and protect employment, different measures have been adopted, including the suspension of deadlines in the scope of action of the Labor and Social Security Inspection. Likewise, the control and sanction mechanisms are reinforced to avoid fraudulent behavior in the perception of benefits, regulating sanctions and establishing a corporate responsibility that implies the return by the company of benefits improperly received by its workers.
The Cooperatives Promotion and Education Fund is made more flexible so that it can be used for any activity that contributes to stopping or alleviating the effects of COVID-19, through its own actions, donations to other public or private entities, or the provision of liquidity to the cooperative to guarantee the continuity of its operation.
The preferential nature of remote work is also extended for two months, as well as the right to adjust the schedule and reduce the working day. Some of the requirements that allow corporations or limited liability companies to qualify as labor companies are temporarily and extraordinarily adapted.
Finally, the reduction of contributions for certain agricultural workers during periods of inactivity in 2020 is approved or the procedure for the deferral of Social Security debt is simplified.
In the field of protection of citizens, the terms for the rescue of pension funds are established, defining, among other issues, the accreditation of the circumstances that entitle the availability of the plans, the period to which such circumstances are linked and the maximum amount available. Notary fees for the novation of non-mortgage loans are also reduced by 50%.
To implement the measures related to the moratorium on leases for vulnerable families by COVID-19, the Line of Guarantees approved in Royal Decree-Law 11/2020 is enabled to have an endowment of up to 1,200 million euros, to guarantee loans granted by financial entities.
Measures to strengthen business financing
In order to alleviate the operating costs of SMEs and the self-employed who have seen their incomes decrease significantly as a consequence of COVID-19, a mechanism is established for the renegotiation and postponement of the payment of rental of business premises to large holders or public companies .
In the event that the owner is different from the previous ones, the use of the deposit as a payment mechanism is facilitated, and it must be replaced within a year.
With the aim of reinforcing business financing, the coverage of the ICO Line of Guarantees is expanded to cover promissory notes in the Alternative Fixed Income Market, thus promoting the maintenance of liquidity sources provided by the capital markets. Likewise, the capacity of the mutual guarantee societies of the autonomous communities is increased, by means of a reinforcement of the reavales granted by the Compañía Española de Reafinanzamiento, S.A. (CERSA) and it is guaranteed that the line can be released until December 31, 2020.
The Insurance Compensation Consortium is empowered to act as a reinsurer of credit insurance risks, which will strengthen the channeling of resources for commercial credit, guarantee the continuity of economic transactions and provide security to commercial operations.
On the other hand, the deferment of the installments of the loans granted by the IDAE within the framework of its grant or repayable aid programs is allowed.
In the fiscal area, different measures are included aimed at aligning the tax bases of the taxes to the current situation, which will allow the release of more than 1,100 million euros of liquidity for companies, especially the self-employed and SMEs.
With this objective, the self-employed workers will be able to calculate the fractional payments of the Individual Income Tax and the payment on account of the simplified system of Value Added Tax with the objective estimation method, which will allow, during the period affected by the alarm state, adjust the payment to the actual income.
Likewise, a reduction is established in the fractional payment of personal income tax and VAT, and the days in which there has been an alarm can be discounted in each quarter. Companies will also be able to adapt the settlements of income on account to the estimated income forecast for 2020 and the possibility of making the payment of tax debts subject to obtaining financing through the Line of Guarantees.
Finally, the VAT applicable to the supply of medical equipment from national producers to public entities, non-profit organizations and hospital centers is reduced to zero percent, in line with the reduction of tariffs from the European Union and thus guarantee equal treatment and fast and effective supply, with savings of more than 1,000 million euros. The VAT on electronic books, magazines and newspapers is also reduced to align it with that applicable to paper ones.
In scientific and research matters, financial support measures are approved for science and technology parks, by postponing and dividing loan installments to avoid their stoppage as a consequence of COVID-19. Additionally, the extension of pre-doctoral contracts for research personnel undergoing training in the field of research is made possible and the indebtedness of the Barcelona Supercomputing Center-National Center for Supercomputing is authorized to enable compliance with international commitments related to the project EuroHPC.
In addition, other complementary measures are included, including the modification of the conditions of aid for public calls at the university level, to guarantee the continuity of projects or the reduction of notary fees for the novation of non-mortgage loans. In this area, a moratorium is also established in the payment of the quotas from March to December 2020 of university loans that have been subscribed linked to the possession of a future income.
To mitigate the economic impact of COVID-19 at the state port level, a series of exceptional and transitory measures are established to respond to it. The measures respond to an eventual reduction in the minimum activity involved in the enabling certificates granted in ports and will allow Port Authorities to alter the minimum traffic established in said certificates. Likewise, reductions or exemptions in various port charges are approved, provided that the cessation or significant reduction of its activity is justified.
Likewise, in order to support sport in a context of paralysis of its activity and not generating income due to the state of alarm, a Foundation is created, which will be endowed with funds from the sale of audiovisual rights to football, with the In order to contribute to finance and provide stability to the federative sport, to the Olympic and Paralympic sport in the run-up to the Olympic Games.
This Foundation will be attached to the General State Administration through the Higher Sports Council and will count with the participation of the Royal Spanish Football Federation, the Professional Football League and representatives of the other Spanish sports federations, as well as official competitions. and unofficial.
This new Foundation will be the only one that can assume the management and commercialization of the audiovisual rights of sports federations and competitions other than football, provided they do not want to assume them on their own.