The Government has adopted a plan of exceptional measures in the economic field to mitigate the impact of COVID-19. These measures join those already adopted in health and labour coverage at the Council of Ministers on March 10th 2020.

Among these measures are those adopted to support business activity and, especially, to the groups and sectors most directly affected by COVID-19.

Since March 10th, the situation of sick leave of those workers infected or subjected to periods of isolation have been considered a situation assimilated to an accident at work for the purposes of economic benefit for temporary disability.

With the approval of Royal Decree-Law 7/2020 of March 12, by which urgent measures are adopted to respond to the economic impact of COVID-19, the following measures are approved, among other health measures, to support the tourism sector and transitional financial support measures:

1). 50% discount on business contributions to Social Security for those companies engaged in activities framed in the tourism sectors, as well as those engaged in commerce and hospitality activities, as long as they are linked to said tourism sector, which generate productive activity during the months of February, March, April, May and June and that they start or keep during those months the occupation of workers with fixed-term contracts.

2). Granting of the deferral of the tax debt whose filing and filing term ends from March 13th 2020 to May 30th 2020, both inclusive, provided that the applications submitted up to that date meet a series of requirements, among others:
a. That the guarantee waiver is maintained only for the postponement of debts that do not exceed an amount of 30,000.00 euros.
b. That the debtor is a person or entity with a volume of operations not exceeding 6,010,121.04 euros in 2019.

The conditions of the postponement will be the following:

a. The term will be six months
b. No default interest will be accrued during the first three months of the deferment.

Companies and self-employers with registered office in Spain that formalize operations in the “ICO Companies and Entrepreneurs” Line, may be recipients of the financing line provided for in Royal Decree-Law 12/2019 of October 11th 2019 for those whose activity had been included among any of the CNAE of the tourist sector detailed in the Royal Decree-law, among others:

a. Hotels and similar accommodation.
b. Tourist accommodation and other short-stay accommodation.
c. Restaurants and food stalls.