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The Formal Employment Support Program (PAEF) was created by the National Government to support payroll payments during the pandemic. Thousands of companies accessed this PAEF subsidy, but many are currently facing PAEF audits by the UGPP, which requests the return of the PAEF plus interest and penalties.
At Lara y López Abogados y Consultores ,we specialize in PAEF advice and assist employers throughout the entire legal and financial defense process before the UGPP.
The UGPP is reviewing the requirements for the PAEF benefit :
If the UGPP identifies inconsistencies in your PAEF subsidy , it may demand restitution of the PAEF received and charge late payment interest at the usury rate.
In addition, the audit includes the uploading of PAEF information to the Storm (Data-Q) platform , a process that must be carried out technically and with valid accounting support.
The PAEF subsidy can become a risk if you don't have expert advice.
The UGPP sets specific deadlines for responding to PAEF requests: one month. Failure to comply with Storm's requirements or respond within the established timeframe may result in higher interest rates and penalties on the PAEF subsidy received.
Every day you're late increases your PAEF debt . Don't wait until it's too late.