It is clear from the government how the government will rescue companies that operate with “one toe” Business

“The general principle is that we are talking about those companies that do not operate with one foot, but with one finger,” Prime Minister Ingrida Šimonytė said at the government meeting. “That support is probably needed much more and with more determination than for companies that have at least one foot.”

Since the end of January, companies can apply for subsidies to the authorities if their turnover has fallen by 30%. or more. This support is provided in the first aid package, but the amount of the subsidy is lower.

The scheme discussed on Wednesday foresees that companies with a drop in turnover of more than 60 percent will be able to choose the calculation of the benefit under two alternatives.

In the first case, the profit will be calculated on the basis of the GPM paid in 2019 and will amount to both percent. of the amount of GPM paid, how much the turnover was reduced during the pandemic. The one-time subsidy will amount to at least 500 euros, the maximum possible amount is 100 thousand. euros.

The second alternative is for companies that have already exhausted 800 thousand. State aid limit of 1 000 000 EUR, as in this case the aid will no longer be accumulated.

The amount of support will depend on unpaid fixed costs, such as bills for rent for premises, utilities, etc.

The grant will not exceed 70%. it does not cover fixed costs and should not exceed 90% for micro and small businesses. Fixed costs discovered. The maximum amount of the subsidy may also reach 100,000. euros.

For the tourism and entertainment sector

The Minister of Economy and Innovation Aušrinė Armonaitė said that this support will be available to companies operating in the catering sector, tourism, sports clubs, cinemas and the like. In other words, those businesses that “cannot operate at the moment and really need help,” said the minister.

To benefit from this support, the company’s activities must be included in the list of activities subject to economic restrictions, and its profit obtained in 2020 must also be at least 60%. lower than in 2019.

In addition, the number of employees who wish to receive a subsidy will not be reduced by more than half during a pandemic.

In addition to this measure, the second business support package prepared by the Ministry of Economy and Innovation provides for three other measures: support for the self-employed, tests of employees and compensation of the market tax, which have already been approved by the Government.

$ 30 million is allocated to support individual workers. euros. This grant will amount to 100%. Personal income tax (PIT) paid in 2019. The minimum amount of support will be 100 euros and the ceiling of the subsidy is almost 22 thousand. euros. The benefit will be a lump sum and will be in addition to the current payment of 260 EUR transferred to the Employment Service.

Small and medium-sized companies will receive 30 million euros to test for coronavirus. euros. A compensation of EUR 12 is foreseen for a rapid serological antibody test or rapid antigen test. The goal of this measure is to allow companies to get back to work more quickly and smoothly.

2 million are foreseen for the compensation of the market tax. The aid for a non-food trader will amount to 300 EUR. It is estimated that this lump sum will allow merchants in the market to cover the cost of renting a two-month point of sale.

The total amount planned for this package is 150 million. euros. Currently, companies can benefit from the measures of the first business support package: grants and soft loans, which have been allocated € 150 million and € 30 million respectively. euros. Combining the first and second business assistance packages, the Ministry of Economy and Innovation will allocate a solid 330 million to help businesses. euros.

Support for the second package will be distributed until June 30, 2021.