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A total of 2 million will be allocated to offset the market tax. of the so-called second business support package.
Compensation will be available when the merchant’s activities are on the list of those affected by government restrictions on COVID-19.
Another requirement is that the merchant has obtained a business license or registered an individual activity under the certificate from September to December 16, 2020.
You will also need to file an annual income tax return for 2019 if you have such an obligation.
The State Tax Inspection will issue an invitation to request support. To receive a refund, the merchant will need to complete a request on my STI account.
Once a week, the STI sends the list of potentially eligible market traders to the Lithuanian Business Support Agency, which determines the amount of aid that can be awarded to each market trader and compiles the list of eligible traders.
Once this list is received, the Ministry of Economy and Innovation will decide on the award of compensation.
Economy Minister Aušrinė Armonaitė said it would be possible to apply for support from 8 March.
The support per trader may reach 300 euros. A lower amount is possible if the merchant has reached the receipt de minimis Aid threshold of € 200,000 over three years.
According to the Ministry of Economy, the amount of compensation is determined taking into account the fact that a market place costs an average of 155 euros per month.
The second support package for the business affected by the coronavirus pandemic amounts to 150 million euros. euros. This money, in addition to market tax compensation, goes to companies particularly affected, companies that screen workers for COVID-19 and the self-employed.
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