ATP 4 registration opens: how long is there time


The decree incorporating loans at a subsidized rate has been made official. Who is it for and what are the requirements?

Between July 29 and August 4, inclusive, ATP Program registration will be open.

All employers can register requiring state assistance to pay July wages. To do so, they must enter the AFIP website.

The criteria to access the complementary salary corresponding to July were established by the Evaluation and Monitoring Committee that reports to the Head of the Cabinet of Ministers. During this new stage, the ATP Program It also contemplates the possibility that employers apply for a credit guaranteed and subsidized by the national government to finance the payment of wages.

In this opportunity, the complementary salary of workers of the companies that have registered a nominal drop in their billing between the months of June 2020 and 2019 will access the complementary salary.

For their part, the signatures whose nominal billing shows an interannual variation between 0% and 30% in June may process a guaranteed and subsidized credit by the national government to finance the payment of wages. Credits will be available once the enrollment period ends

ATP 4 registration opens: how long is there time

Decree 621/2020 that modifies decree 332/2020 corresponding to the regulation of the benefits of the ATP Program.

ATP 4 registration opens: how long is there time

ATP 4 registration opens: how long is there time

Through the new decree, the ATP Program incorporates the Subsidized Rate Credits for companies, says the Accountant’s Blog.

To this end we highlight:

  • The Subsidized Rate Credit for companies will consist of a financing whose amount, calculated per employee, will be a maximum of $ 20,250.- and may not exceed the net income or remuneration of each of the workers and of each of the workers of the applicant company, corresponding to the month and in accordance with the conditions established by the JGM, after the opinion of the Evaluation Committee of the ATP program.
  • The National Productive Development Fund (FONDEP) may discount up to 100% of the interest rate and the total financial cost accrued Subsidized Rate Credits for companies.
  • The annual nominal interest rate, as well as the percentage of the subsidy of credits to subsidized rate for companies, It will vary according to the increase in the company’s turnover in relation to the previous year, in the ranks and with the modalities established by the Head of the Cabinet of Ministers, after the opinion of the ATP Program Evaluation Committee.

On the other hand, through the Ministry of Production, The Government advanced how the calculation basis for the payment of the ATP will be and the requirements that must be taken into account to adhere. The registration date is not yet defined.

Compensatory allocation of salary

For the payment of wages, the The State will pay up to 1.5 Minimum Living and Mobile Wages ($ 25,312) per employee to companies whose turnover in June 2020 has fallen compared to the same month of 2019.

For the payment of July salaries, all companies can access regardless of the area in which they are located.

SMEs and large companies that carry out activities considered critical such as tourism, entertainment, culture, health and sports From all over the country, they will receive the corresponding compensatory salary up to two Minimum Vital and Mobile Wages ($ 33,750) per employee until December 2020.

Credits for companies starting to recover

Credits for companies starting to recover

The salary for the month of February 2020 will be taken as a reference and payment will be made through ANSES, directly in the employee’s bank account.

Requirements:

  • Carry out critically affected economic activities or have a significant number of employees infected by COVID 19, in compulsory isolation or with a work exemption for being in a risk group or family care obligations related to COVID 19.
  • Belonging to a sector that has not yet been enabled to function, according to the epidemiological situation of each province.
  • Have a lower turnover than that of June 2019.

In the case of companies that have started their activity after March 2019, the billing corresponding to December 2019 will be taken into account to make the comparison.

In the case of companies that have started their activity during 2020, they will be considered critically affected due to their recent creation, assuming the requirements required to be beneficiaries of the measure have been met.

Regarding private school teachers, The Ministry of Education will inform the AFIP of the list of institutions that do not receive any kind of contributions or subsidies so that they can process the payment of the supplementary salary, while the cases of those establishments that do receive receive contributions or subsidies will be analyzed.

The benefit will not be valid for those employees who earn more than $ 140 thousand gross.

Credits for companies starting to recover

Credits must be:

  • Intended for the payment of wages.
  • With a guarantee from the State through FoGAR and FONDEP.
  • With three months grace to return in 12 fixed installments.

The amount will be calculated based on the wage bill at a rate of 1.2 Minimum Living and Mobile Wages ($ 20,250) for each employee of the company that appears in the salary template for May 2020.

Companies with turnover between 0% and 10% more than June 2019

They may request a 0% rate credit.

Companies with a turnover between 11% and 20% more than June 2019

They may request a credit at a rate of 7.5%.

Companies with a turnover between 21% and 30% more than June 2019

They may request a credit at a rate of 15%.

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