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Starting Wednesday, companies can apply for grants and soft loans. The first business support package prepared by the Ministry of Economy and Innovation amounts to 180 million. 150 million euros 30 million euros for grants. EUR for loans.
The Minister of Economy and Innovation, Aušrinė Armonaitė, told reporters on Wednesday that, at the moment, the submission of applications is going smoothly and the money will definitely be enough for everyone. She notes that interest in support is currently high.
“From the presentation of the application to the independent companies, the Business Support Agency will have a period of 3 days to evaluate the applications, and each week the lists of all the companies will be approved. It can be said that the subsidies should reach the companies in 10 days ”, he assures.
As for the loans, also, according to the minister, they should reach the companies in 10 days.
© DELFI / Josvydas Elinskas
Currently, the ministry is coordinating the concept of the second business support package with the social partners and institutions. This package is designed to help businesses and the self-employed who are most affected by the pandemic.
According to the minister, 150 million could start in the second half of February. Eur’s second business support package. According to A. Armonaitė, two things are completely clear about this package.
“We will do more to help freelancers who work in individual activities with business licenses. The benefit for them will be linked to the personal income tax paid. We understand that what you receive from the Employment Service is a monthly payment of 257 Eur, it is impossible survive. Therefore, we will try to launch such a tool for the self-employed, “he says.
The second is the refund of the market tax: “We listened to the fears of the market representatives. I want to assure you that it will. The sectors are also particularly affected and we are still thinking about what the aid and support would be like. “
The first business support package: who can benefit
According to the announcement of the ministry, from the first package of business aid from 500 euros to 800 thousand. Companies with an average monthly turnover of 30% will have one-off grants of 1,000 million euros. or more. According to the Ministry of Economy and Innovation, there are around 94 thousand companies of this type.
The decrease in billing will be calculated from 2020. November 1 to 2021 January 31, 2019 compared to 2019-2020. period. Companies, 2019 having paid more than 2 thousand. Personal income tax, you will receive 25% of that amount. grant amount. For those who paid less than 2,000. A grant of € 500 will be awarded to companies.
Commercial representatives can now submit grant applications in the State Tax Inspection (STI) system My STI. They will be evaluated by the Lithuanian Business Support Agency (LVPA). It is estimated that the grants will reach the companies in approximately two weeks from the submission of the application.
Preferential loans at reduced interest rates will be available to companies with a turnover of at least 30%. or whose economic activity is restricted during the quarantine period. The maximum loan amount may reach 100,000. euros. The loans will be provided directly by INVEGA.
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