Especially, as announced by the Ministry of Finance, Mr.Ap. Vesyropoulos signed the ministerial decision identifying the affected businesses, for which the 40% reduction in the rents of their professional facilities (shops, offices, etc.) will apply, and for the months of July and August 2020. These are businesses that operate in the fields of Tourism, Transport, Catering, Culture and Sports.
In his statement, the Deputy Minister of Finance emphasizes that “the government has a full understanding of the problems faced by specific sectors and businesses, as well as the dynamics of the economy as a whole. As we previously announced, the measure of exemption from the obligation to pay 40% of the total rent for the months of July and August 2020 will apply to these businesses, adding the restaurant sector. We will continue interventions where and when necessary, with the aim of supporting businesses, professionals and workers”.
POMIDA is also strongly opposed to this new arrangement which subsidizes even businesses that have literally hoarded recently, and leads again to a direct subsidy of the tenants from the “pocket” of their landlords, instead of a state subsidy of the rents of these businesses, as happens in all other public actions to support society from the consequences of the corona virus.
POMIDA is also deeply troubled by the fact that in his announcement the Deputy Minister directly “threatens” the continuation of these mandatory interventions in the future, on the other hand and, that he did not include in his announcement a single word on the side of the property owners, whose incomes are literally butchered with characteristic gallantry on the side of the tenants…
Thus, POMIDA reminds us that for these professional leases the same provisions for compensatory return of 30% of the loss of leases will apply, which are as follows:
L.4690/2020, (Official Gazette 104 A’/30.5.2020).
Article 13. Measures to support landlords from not collecting rent as required by law in the context of dealing with the effects of the COVID-19 coronavirus
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“42. The amount of rent does not constitute income and is not subject to income tax and special solidarity contribution of Article 43 A of the Civil Code that was not collected or is not collected as required by law in the context of dealing with the effects of the COVID-19 coronavirus, for all the months that the measure of reduced payment on the monthly rent at a rate of forty percent (40%) was or will be.
- The persons of par. 42 of article 72 of Law 4172/2013, as added by par. 1, if they received a reduced rent of at least 40%, they are entitled to a deduction of an amount equal to a percentage of 20% on 60% of the rents of those months calculated before the aforementioned reduction, (S. S. i.e. equal to 30% of the losses) from debts with a final payment date to the tax authority from 31.7.2020 onwards, except for debts from partial payment arrangements/facilities, debts in favor of foreign public authorities and from recovery of state aid.
- By decision of the Minister of Finance, following the recommendation of the Governor of AADE, every detail necessary for the implementation of the above provisions may be regulated.
