If, during the monitoring process, it is determined that the recipient of state aid no longer meets the previously established criteria or economic indicators, the provider, in conjunction with the State Tax Service, shall terminate the income tax exemption and recover the funds previously received, including interest.
This enhanced oversight requires the provider of state aid to continuously monitor compliance with economic indicators, the conditions for granting the aid, and the permissible share of the project. In this context, the maximum permissible amount of state aid is defined.
These indicators are assessed annually, with a monitoring period of 3 years for small and medium-sized enterprises and 5 years for large enterprises.
Depending on the results, a decision will be made either to continue the state aid scheme or to issue a warning and set a deadline for rectifying the violations. If the criteria are not met, a procedure will be initiated to terminate the provision of state aid and, depending on the situation, to recover it.
As previously reported by Logos Press, in addition to a grant covering 25% of the funds, the program provides for an income tax break amounting to 50%.
