Dr. Robert Gauci Maistre [Partner at FSGM.Partners]
The Government has launched to following incentives for businesses affected by Covid-19.
1. Fiscal assistance – Postponement of payment of certain taxes
This incentive gives a two-month extension to enterprises, including self-employed, to pay Provisional Tax, VAT and National Insurance Contribution on Salaries. This will apply for taxes owed till end of April.
All tax forms should be submitted according to normal deadlines. The incentive is primarily aimed, but not limited to, the tourism and hospitality, entertainment, transport and manufacturing sectors that are being affected by COVID-19.
Application is to be made not later than 15th April 2020. Click here for full guidelines
2. Facilitation of Teleworking activities
This call supports Employers/ Self-employed to invest in technology that enables teleworking and to partially cover the costs of teleworking solutions. Support shall be limited up to €500 per teleworking agreement and €4,000 per undertaking.
The grant shall be awarded against 45% of the eligible cost. This call is eligible for costs incurred between 1st March and 30th March 2020. Total support under this call shall be capped at €2M.
This call closes on 30th March 2020 and full details can be found here.
3. Quarantine Leave scheme
€350 grant to employers for each employee on Quarantine leave. Application will be online from Wednesday 25th March
More details regarding applications and guidelines to follow.
Please direct all your queries to email@example.com
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