Sending Model 42 declarationThis is done in accordance with Article 121 of the CIRS and Article 127 of the CIRC.

What are non-refundable subsidies or grants?

Non-repayable subsidies or grants are financial resources provided by governments, non-profit organisations or other entities to support a specific company or project. The main characteristic of these grants is that they do not have to be repaid.

These subsidies are accounted for as revenue when they are received by the company. They should be recorded as a separate amount, separate from the company's normal operating revenues. Non-repayable grants should be recognised as revenue when there is a high probability that the company will meet all the conditions attached to the grant and receive the financial resources.