translated from Spanish: SII has received more than 384,000 applications from the Solidarity Loan

The Internal Revenue Service reported that 384,385 workers, individual entrepreneurs and pensioners in Lifetime Income mode have already applied for the State Solidarity Loan, until 6 a.m. on Saturday, May 8, amounting to $160,377 million.” The requests received in these first hours when as a Service we made available the platform to access the benefit, correspond to people who will be able to access help who need given the context of health emergency that lives the country,” said ISS Director Fernando Barraza. , you can access this new benefit as simply as possible, delivering all our guidance and help through the remote channels that are available to support them, such as our website and help desk.” The benefit that is available from 00.00 hours this Saturday consists of a loan (with a real interest rate of 0), which can be requested up to 3 times, once per month (continuous or discontinuous), until October 2021. If the applicant has accessed the Middle Class Bonus, they will be able to access the loan 2 times. The amount of the loan they can access corresponds to the difference between the average monthly income you had in the second half of 2020 and the same period in 2019. That’s the maximum you can request, with a cap of $650 thousand. In order to facilitate the process, the same system shall perform this calculation for each applicant. According to the law, to access the benefit, individuals must meet the following requirements:• Have an average monthly income in 2019, more than $298,833 (as of December 31, 2019), equivalent to $311,934 as of April 2021.• Record a decrease of 10% or more in second-half income in 2020, compared to the same period in 2019.• Not having outstanding amounts of restitution because they have improperly obtained the Tax Contribution2020.Pensioners they can also access this Solidarity Loan, provided they have an old-age or disability pension in Lifetime Income, for up to $408,125. In this case, they can apply up to 3 times, for an amount equal to or less than their pension. As in the case of the Middle Class Bonus, the Loan access platform will automatically indicate whether and for what amount the person can access the benefit.

Original source in Spanish