CIRCULAR - ADDITIONAL MEASURES APPROVED BY THE ROYAL DECREE-LAW 8/2020, 17th OF MARCH, OF URGENT AND EXTRAORDINARY MEASURES TO ADDRESS THE ECONOMIC AND SOCIAL IMPACT OF COVID-19

 

ADDITIONAL MEASURES APPROVED

BY THE ROYAL DECREE-LAW 8/2020, 17th OF MARCH, OF URGENT AND EXTRAORDINARY MEASURES TO ADDRESS THE ECONOMIC AND SOCIAL IMPACT OF COVID-19

 

Following the declaration of state of alarm, through the Royal Decree-Law 463/2020, of 14th of March, the Spanish Government has approved an initial package of measures aimed at securing and protecting different aspects of the Spanish economy. The Royal Decree-law tries to cover the direct consequences of the Coronavirus, with more or less success, and sets out the investment budget assigned to deal with the effects of this health crisis.

 

The Royal Decree-Law entered into force on the 18th of March 2020, and will remain in force until the 18th of April 2020, without prejudice of its extension, after a previous evaluation of the situation.

 

In line with our last Circular, at ARCO ABOGADOS Y ASESORES TRIBUTARIOS, S.L.P. we want to continue informing about the most relevant aspects of the new Royal Decree-Law, remarking, again, that this document is aimed at informing about an exceptional event and, consequently, is subject to any future arrangements and changes that may take place in order to deal with this crisis.