Enterprises that suffer from turnover losses of at least 40% between 16 March 2020 and the end of the COVID-19 measures or 15 September 2020 at the latest, may apply for a fixed-cost grant from the Corona Assistance Fund. Depending on their actual losses, up to 75% of their fixed costs will be reimbursed:
- loss of 40-60%: 25% reimbursed
- loss of 60-80%: 50% reimbursed
- loss of 80-100%: 75% reimbursed
Originally, the Federal Government had planned to accept applications for the grant only after the annual accounts for the current business year have been furnished. As this would be too late for many enterprises, the grant will be paid out in three instalments, with applications for the first instalment accepted as of now and payout to be handled quickly.
The second instalment may be applied for from 19 August 2020, and the third instalment from 19 November 2020. The application for a reimbursement from the first instalment of up to EUR 12,000 may be submitted by the enterprise directly. All further applications need to come from a tax consultant, certified public accountant, or balance sheet accountant.
Originally published June, 2020.
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