Compensation Bonus for Certain Shareholders in Limited Liability Companies UPDATE03
On 2 June 2020 an amendment to the Compensation Bonus Act was published in the collection of laws, thanks to which, in addition to self-employed persons, some shareholder/members in limited liability companies will also receive this support. Financial offices should commence paying out the bonus to shareholders on the basis of submitted applications no later than 3 June 2020, i.e. the date of effectiveness of the legislative amendment. The amendment was approved in its original wording, as the Chamber of Deputies overruled the changes suggested by the Senate.
“Antivirus Programme” – an instrument of financial assistance for employers UPDATE03
Category B has been extended until the end of August 2020 and the government has approved a new form of support – Category C!
Lex voucher for culture
On 19 May 2020, Act No. 247/2020 Coll., On certain measures to mitigate the effects of the coronavirus epidemic known as SARS CoV-2 on cultural events (the “Act”), entered into force. Not only for the field of tourism, but also for the field of culture, the possibility of the organizer to issue a voucher for a cultural event instead of refunding the entrance ticket fee was introduced.
COVID program - RENT
The state contribution for commercial rents to entrepreneurs with forcibly closed establishments is gaining more concrete outlines. If an entrepreneur negotiates a 30% discount on rent from his landlord, he will be able to apply for state support in the amount of 50% up to a ceiling of CZK 10 million for the period from April to June. However, the program has yet to be notified to the European Commission before it can be launched.
Covid III is starting. You need to act fast!
At its meeting on 18 May 2020, the Government approved by Resolution No. 553 the Covid III guarantee program for self-employed persons and companies employing up to 500 employees. Immediately afterwards, the websites of Českomoravská záruční a rozvojová banka, a.s. ("ČMZRB") published the conditions of the program. Entrepreneurs can already start loan negotiations with a commercial bank involved in the program. According to the experience of previous Covid programs, it is necessary to act quickly.