Finance Inquirer
No Result
View All Result
Friday, July 11, 2025
  • Login
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
Subscribe
Finance Inquirer
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
No Result
View All Result
Finance Inquirer
No Result
View All Result
Home Finance

Self-employed workers will be able to make use of the business termination benefit without having to prove lack of business

Tom Hagler by Tom Hagler
21.06.2022
in Finance
Self-employed workers will be able to make use of the business termination benefit without having to prove lack of business
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

This is a new option for the self-employed. The bureaucratic requirement that imposed the justification of unfeasibility has been eliminated from the legislation.

Experts on the subject assure that this reform is an important step forward for the self-employed at the time of carrying out this type of procedure.

Business termination benefit

Until now, the business termination benefit for self-employed workers required a series of justifications and formalities that paralyzed to a certain extent the obtaining of such benefit. In this way, it was a bump in the road and a nuisance for the self-employed, who were forced to justify the non-viability of their business.

With the change made to the General Social Security Law, by means of Royal Decree-Law 21/2021, self-employed workers will be able to access the well-known self-employed unemployment benefit without having to go through justifications or formalities that make the process difficult.

That is to say, as experts on the subject assure, from now on a self-employed person will be able to access the benefit by means of much simpler procedures, with which he/she will also be able to demonstrate the right he/she has to obtain the aid.

Self-employed people who are going through a situation of force majeure, either in the long or short term, will be able to make use of this benefit. And all of this without the need to register in the Social Security self-employed regime.

Until now, in order to obtain this benefit, self-employed workers were obliged to prove that they had not been able to carry out their economic activity for a considerable period of time, and that their income was therefore non-existent.

With the new modification that will come into force, a series of means of proof have been introduced to facilitate access to this benefit for those who really need it. The focus has been placed on improving the reform especially for the self-employed who are affected by the situation of the eruption of the volcano in La Palma, adding a new procedure for the remaining areas of the country.

In the case of self-employed workers belonging to La Palma and affected by the volcanic eruption, they are fully entitled to collect the benefit for cessation of activity for a period of 5 months. It is important to note that these months will not be deducted from the official benefit period.

On the other hand, if they are affiliated to the Reta and registered, without any debt to the Social Security or the Tax Authorities, they will be able to receive 70% of the minimum contribution base. During the period of time in which their work activity is suspended for the pertinent causes, such activity will continue to be registered in the Reta without the need to make any contribution payments. It will be considered as a period of settled debt, i.e., the self-employed worker will not have to repay any amount related to this benefit.

  • Trending
  • Comments
  • Latest
P2Pro: profitable changes are coming!

P2Pro: profitable changes are coming!

13.09.2022
Saving and investing the two keys to your future retirement

Saving and investing the two keys to your future retirement

21.06.2022
The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

01.09.2022
The ranking of countries in terms of the coverage of children with preschool education has been compiled

The ranking of countries in terms of the coverage of children with preschool education has been compiled

03.11.2022
Take the best photos of your life with the new vivo Y76 5G now available

Take the best photos of your life with the new vivo Y76 5G now available

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

AirPods 3 vs AirPods 2 – What’s the Difference?

AirPods 3 vs AirPods 2 – What’s the Difference?

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

PuzzleFree Game Set to Launch in July 2025

PuzzleFree Game Set to Launch in July 2025

08.07.2025
The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

08.07.2025
Instant Cargo Analysis 24/7: How XRF Analyzer Speeds Up Quality Control for Raw Materials

Instant Cargo Analysis 24/7: How XRF Analyzer Speeds Up Quality Control for Raw Materials

08.07.2025
HIT-NOT reduces forklift accidents and increases safety in logistics

HIT-NOT reduces forklift accidents and increases safety in logistics

07.07.2025

Recent News

PuzzleFree Game Set to Launch in July 2025

PuzzleFree Game Set to Launch in July 2025

08.07.2025
The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

08.07.2025

Categories

  • Business
  • Finance
  • News
  • Stock Market
  • Technology
  • Без рубрики

Site Navigation

  • Home
  • Contact Us
Finance Inquirer

We offer multimedia features, easy channel navigation, strong social media presence and numerous engagement platforms that allow the readers to experience content anytime, anywhere, always.

No Result
View All Result
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market

© 2021 financeinquirer.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In