The Revenue Agency definitively clarifies the nature of the non-repayable contributions received. Specifying that they will not affect new ones.
They had been the mantra of the Sostegni Decree and it had been talked about so much that perhaps the passing of time was not noticed. Non-repayable contributions they now become the subject of some clarification by the Revenue Agency which, with the circular of 14 May 2021, explains the details of the use, underlining that the contributions received during 2020 (whether they are the real lost funds or other specular concessions) will not be counted for the access to new aid. An important news. In essence, this means the new concessions will count regardless of the one already enjoyed.
A decision, that of the Inland Revenue, which comes both from the point of view of compliance with the threshold of revenues and fees (10 million), and for the drop in turnover, which must in any case be taken into account regardless of the aid received. Other clarification of the institution, the definitive nature of the sums received, to be considered literally irrelevant in the context of an income calculation as to be considered not competing with the determination of the revenue threshold established with the Sostegni Decree.
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Non-repayable contributions, between received and to be received: the Revenue Agency clarifies
Still according to the provisions of the Revenue Agency, the non-repayable contributions will also have another feature. Those already received they are not to be included among the revenues useful for identifying the size thresholds on which to refer for the calculation of the new ones. Basically, net of the decrease in turnover and of what was held profitably, there will be no further factors to affect the determination of the subsidy. To justify everything, the legislation itself that regulates the contributions intervenes. Indeed, the grant is a compensation for the economic effects of the pandemic.
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Non-repayable grants, in the context of the operating account, constitute an integration of revenues. Also, possibly, a cost reduction in the budget. For this reason the purpose of the disbursement dissolves the doubt, limiting contributions to mere help, not to an increase in welfare. According to the provisions of the Consolidated Income Tax Act, the contributions in question are used to meet management needs, to increase capital resources, to purchase or build depreciable assets. A framework that goes beyond all regulatory determinations.
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