Planas launches ICO credit for 700 million euros and tax assist to draw farmers to an 'in extremis' settlement | EUROtoday

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The Spanish Government makes a transfer. Faced with the approaching dissolution of the European Parliament, which has simply 4 weeks to approve the simplification of the Common Agricultural Policy (CAP) and appease rural protests all through Europe, the Minister of Agriculture, Luis Planashas proposed to agricultural organizations a set of measures to attempt to attain an settlement that can enable the implementation on the nationwide degree of a bundle of extraordinary fiscal and financing measures.

Specifically, the doc, to which EL MUNDO has had entry, features a complete of 43 measures distributed in seven sections, beginning with the simplification measures, discount of the executive burden and suppleness of the CAP deadlines that depend upon the settlement in Brusselss. From then on, the Ministry commits to skilled organizations to defend in worldwide boards a sequence of points associated to worldwide commerce in agricultural merchandise, similar to mirror clauses, germ of farmers' protests that demand that the identical labor and phytosanitary circumstances which can be required in Europe be imposed on imports.

The Ministry additionally proposes the creation of a working group to watch agricultural exports and imports and the reinforcement of border controls on imports from third nations, along with setting the so-called “maximum residue limit” of the merchandise to zero. merchandise not approved within the EU for imports into its territory.

In parallel, Planas proposes strengthening the Chain Law on the nationwide degree and introducing into the European debate the prohibition of gross sales at a loss in pressure in Spain. All this, reinforcing the inspection capability of the Agri-Food Control and Information Agency (AICA), turning it right into a State Agency with the rank of basic directorate. And the doc additionally consists of its dedication to strengthening the agricultural insurance coverage system.

And from right here, the negotiation doc drawn up by the Ministry outlines a sequence of measures in financial issues. The primary novelty on this part, which till now had not been revealed, is the launch of a line of credit score in collaboration with the ICO for a complete of 700 million eurosdistributed between 200 million for younger farmers and generational alternative and one other 500 million to ensure credit score operations aimed toward farmers and ranchers.

In each instances, that is an estimate of the cash mobilized, because the line for younger individuals consists of a unprecedented endowment of 20 million euros and seven million for ensures, with a subsidy of 15% of the principal and your entire assure, and the The second instrument consists of a contribution from the Ministry of fifty million to ensure credit score operations between 100,000 and a couple of,000,000 euros.

In the monetary assist part, Agriculture additionally gives a sequence of tax benefits. First, the upkeep of the decreased charge in agricultural dieselwhich suggests a tax advantage of 400 million euros, and the deduction of 35% on the bill for fuels and fuels for agricultural use and 15% on that of fertilizers, within the Objective Estimation methodology of private revenue tax, which suggests a discount within the tax base of 575 million euros.

In addition, the doc consists of the “adequacy of the net yield in the objective personal income tax estimation method in 2023” and establishes that, “considering the current situation of the agricultural sector, it will be established an overall 15% reduction in net performance for fiscal year 2023“, along with “the adaptation of the calculation of income for the application of the maximum limit of taxation by objective estimation of personal income tax, reviewing for these purposes the consideration of compensation income for VAT and IPRF.”

It additionally gives the upkeep of the exemption from assist to ecoregimes, which suggests a discount within the tax base of 1,100 million euros, and the . “increase and harmonization at the State level of the de minimis aid limit, from 20,000 to 25,000”. This is small-scale assist that’s regulated in Europe and the Government is dedicated to discovering the authorized formulation to extend it in Spain by 5,000 euros, from that restrict of 20,000 euros to 25,000 euros.

At a press convention this Monday, Minister Planas defined, with out revealing the small print of the doc below negotiation, that this bundle of measures that he has supplied to agricultural organizations relies upon partly on Brussels and is being studied collectively with the Ministry of Treasury, to have the ability to allow tax measures as quickly as potential. Now the skilled organizations have the ground, that are analyzing the supply internally in view of an upcoming assembly with the Ministry that also has no date.

In a extra political than technical tone, Planas has acknowledged that the measures that the Government has placed on the desk are “responding to the concerns” that farmers have raised, with “willingness to work, commitment and an outstretched hand.” to resolve the issues of the sector”, while political forces “similar to “PP and Vox want the mobilizations to continue, at least until the European elections in June.”. “Agrarian organizations are under great pressure from those who do not want there to be an agreement on anything in Spain,” stated the minister.