The final deadline for submitting closing statements for state aid provided during the Covid-19 pandemic is September 30th, with approximately 300,000 statements still outstanding. Over 570,000 have already been submitted.
Failure to present an account will result in the repayment of the funds with interest. These aids, totaling over 63 billion Euros, assisted businesses and self-employed individuals facing substantial Covid-related revenue losses from June 2020 to June 2022. Third-party entities such as tax advisors or auditors create these final statements to determine any repayments or additional payments.
The states are responsible for approving the Covid aids and these closing statements, having issued over 197,000 final decisions. Among these, 36% confirmed the aids, 41% required additional payments, and 24% demanded repayments.
The deadline had been extended twice, with a call from the State Secretary of the Federal Ministry for Economic Affairs to utilize this 'final opportunity,' emphasizing that it involves taxpayers' money.
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