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De minimis aid schemes Future for young NEETs II and NEETs I

In this issue:
  • De minimis aid scheme "Future for young NEETs II"
  • De minimis aid scheme "Future for young NEETs I"

*NEEts- Not in Education, Employment, or Training 

Both schemes aim to support and sustain entrepreneurship for unemployed young NEETs, with a focus on those in rural areas and the Roma minority, aged between 16 and 29.

 

Eligible expenses for these schemes are:

- Expenses with salaries of new staff-employees;

- Expenses with moving the personnel of the Enterprises;

- Expenditure related to various procurement of services

specialized;

- Expenses with the acquisition of tangible fixed assets (other than land and real estate);

- Leasing expenses without acquisition;

- Expenses with closure of offices, etc.

 

The maximum amount of de minimis aid granted to a beneficiary is EUR 25,000 under both schemes and it is mandatory to employ one person in the supported business and the estimated number of beneficiaries under both schemes is 800 enterprises.

These schemes apply from 12 November 2020 until 30 June 2022, and payments will be made until 31 December 2023.

More information on the de minimis aid scheme "Future for young NEETs II in the Official Gazette no. 1051 of 10 November 2020, respectively for the de minimis aid scheme" Future for young NEETs "in the Official Gazette no. 1058 of 11 November 2020.

For more details on de minimis aid schemes, the EY team is available.

 
Prepared by:
Andreea Cosmănescu ― Tax Senior Manager - Direct Tax
Teona Braia ― Tax Senior Consultant - Direct Tax
Ecaterina Boca ― Senior Consultant, Knowledge Management Department
 
For additional information, please contact:
Alex Milcev, Partner ― Tax & Law Leader Romania
Mihaela Mitroi, Partner ― Southeastern Europe Tax and Law Leader
 
Ernst & Young SRL
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Tel: (40-21) 402 4000, Fax: (40-21) 310 7124
Email: office@ro.ey.com
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