Alternative non-repayable fund: from 23 June it is possible to send applications

Economy Minister Daniele Franco at the hearing in the chamber last June 7 stated that from June 23, 2021, the counter will open for the presentation of applications for the alternative grant. The official status of the Inland Revenue is expected.

We remind you who will be entitled to this benefit and what needs to be done to get it.

Non-repayable alternative grant, to whom it belongs

The non-repayable grant is in favor of all those who carry out activities:

  • business,
  • art or profession
  • and who produce agricultural income,
  • holders of VAT numbers resident or established in the territory of the State
  • with revenues or fees not exceeding 10 million euros in the second tax period prior to the one in which the decree came into force (2019)

This contribution is an alternative to the automatic one. Read also Fund for lost support bis: from today 16 June the automatic transfers will start

The subjects who, following the presentation of the application for the recognition of the contribution referred to in article 1 of the decree-law of 22 March 2021, n. 41, have benefited from the automatic contribution, will be able to obtain any higher value of the resulting contribution based on new parameters.

The alternative contribution is due provided that:

  • the average monthly amount of turnover and fees of period from 1 April 2020 to 31 March 2021
  • is at least 30% lower than the average monthly amount of turnover and fees for the period from 1 April 2019 to 31 March 2020.

It is specified that it could happen that the contribution already recognized in the meantime will be deducted by the agency from the one to be recognized. If, on the other hand, a lower contribution results from the calculation with the different parameters on a monthly basis, the agency will not proceed with the request.

In any case, the non-repayable alternative grant is not due to the subjects whose VAT number is not active on the date of entry into force of the decree-law (May 26, 2021), to the public bodies referred to in Article 74, as well as to the subjects referred to in article 162-bis of the Consolidated Income Tax Act approved by decree of the President of the Republic December 22, 1986, n. 917.

Non-repayable alternative grant, as calculated (from 23 June the submission of applications)

Two cases may arise for the alternative contribution:

For those who have benefited from the non-repayable grant referred to in article 1 of the decree-law of 22 March 2021, n. 41, the amount of the alternative contribution is determined to an extent equal to the amount obtained by applying a percentage to:

  • difference between the average monthly amount of turnover and fees for the period from 1 April 2020 to 31 March 2021
  • and the average monthly amount of turnover and fees for the period from 1 April 2019 to 31 March 2020 as follows:
  • 60% for subjects with 2019 revenues and fees not exceeding one hundred thousand euros;
  • 50% for subjects with 2019 revenues or fees exceeding one hundred thousand euros and up to four hundred thousand euros;
  • 40% for subjects with 2019 revenues or fees of more than four hundred thousand euros and up to 1 million euros;
  • 30% for subjects with 2019 revenues or fees exceeding € 1 million and up to € 5 million;
  • 20% for subjects with 2019 revenues or fees exceeding € 5 million and up to € 10 million.

You may be interested in the excel sheet for calculating the non-repayable contribution of the Sostegni Bis decree

For subjects who have NOT benefited from the non-repayable grant referred to in article 1 of the decree-law of 22 March 2021, n. 41, the amount of the alternative contribution is determined to an extent equal to the amount obtained by applying a percentage to:

  • difference between the average monthly amount of turnover and fees for the period from 1 April 2020 to 31 March 2021
  • and the average monthly amount of turnover and fees for the period from 1 April 2019 to 31 March 2020 with different percentages, that is:
    • 90% for subjects with 2019 revenues and fees not exceeding one hundred thousand euros
    • 70% for subjects with 2019 revenues or fees exceeding one hundred thousand euros and up to four hundred thousand euros;
    • 50% for subjects with 2019 revenues or fees of more than four hundred thousand euros and up to 1 million euros;
    • 40% for individuals with 2019 revenues or fees exceeding € 1 million and up to € 5 million;
    • 30% for subjects with indicated revenues or remuneration in 2019 of more than 5 million euros and up to 10 million euros.

The spreadsheet in excel allows you to determine the disbursable amount of the non-repayable contribution Sostegni Bis for businesses and professionals