The package of measures includes direct support, tax cuts and credit lines and financing to ensure liquidity.
The Spanish government approved this on Thursday measures extraordinary for fighting against drought during an extraordinary meeting of the Council of Ministers. The new package of ten measures for the primary sector totals €784.2 million in direct support, taxes and financing.
Concerning the direct helpthe Minister of Agriculture, Fisheries and Food, Luis Planas, has raised four key points: the subsidy of up to 70% of the cost of insurance policies for drought of the crops most affected by the lack of rain and high temperatures , 355 million euros is for meat and dairy farming, 276.7 million for agriculture and 5 million for beekeeping.
In tax matters, the property of the owners of agricultural or livestock farms who have suffered a reduction in net income from agricultural activities of at least one 20% in areas with natural constraints in fiscal year 2023, according to European Union regulations, or 30% in the other.
Planas recalled that the decision of the Ministry of Finance and Public Functions, published on April 25, already envisages a “significant” tax cut for the agricultural sector, by reducing the net rate of return for Individuals’ Income Tax (IRPF) for all. farmers and ranchers taxed by the system of modules, more than 800,000 beneficiaries.
In the field of labor, a deferral of social security contributions for companies and employees of the special system for agricultural workers has been approved, as well as a reduction in the number of workers required to receive the agricultural subsidy.
Source: EITB
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