The first package includes direct support, tax exemptions and moratoriums and a series of guarantees. The Council of Ministers also approved the declaration of an area seriously affected by a civil protection emergency for Valencia and the rest of the affected areas.
The Spanish government has approved a first emergency aid package worth 10.6 billion euros for individuals, companies and institutions in the 75 municipalities of the Valencian Community, Castilla-La Mancha and Andalusia affected by DANA (Isolated Depression at High Levels). ). This package contains direct help, tax exemptions and tax deferralsmortgage moratorium and a new set of guarantees called ICO-DANA.
The President of the Spanish Government, Pedro Sanchezappeared this Tuesday in La Moncloa to announce the measures of the decree law approved on Tuesday in the Council of Ministers, which include up to 72,000 euros for cases of disability, between 20,000 and 60,000 euros per affected home, up to 10,300 euros for damaged furniture and belongings , and up to 37,000 euros to repair elements of the neighborhood communities.
Are direct help Individuals will be universal, without a maximum income threshold, and will mean that the amounts already provided for in the law for these cases will be “quadrupled”.
There will also be direct support of €838 million for SMEs and the self-employed in the worst affected areas, amounting to €5,000 for the self-employed and between €10,000 and €150,000 for companies, depending on their business volume. .
To receive them, all you have to do is provide your bank account number. They will be collected within a month. About 65,000 self-employed people and about 30,000 companies will benefit from this.
For people receiving the Minimum Living Income (IMV) or a non-contributory benefit, this will be increased by 15% over the next three months and there is the option to extend this measure for a longer period of time, depending on needs.
Other measures
It also creates one “DANA warranty line” worth EUR 5 billion for companies and the self-employed, of which a first tranche of EUR 1 billion was approved today.
In addition, an agreement has been reached with financial institutions so that citizens and small and medium-sized businesses or self-employed people in the social economy who have a mortgage or consumer credit, postpone full payment of credits for three months and pay only the interest for another nine months.
Likewise, the executive has adopted a broad package of measures moratoriums and tax exemptionssuch as postponing the second payment of the personal income tax return or any other tax pending with the Tax Authorities, in addition to not having to pay the IBI or the economic activity tax on the damaged property or the processing costs for the deregistration of vehicles or the issuance of official documents that have been lost.
Source: EITB
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