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The change in concept foresees a reduction in the average monthly turnover of the economic activity of the company since the fall of COVID-19 to 50%. (It was 60%), as well as increasing the maximum amount of the subsidy to 350 thousand. EUR (it was 100 thousand euros).
The budget for the measure is increased to 120 million. An additional 50 million euros. of unspent funds allocated to the first support package.
The proposed benefit is calculated in three ways: receiving money according to 2019, paid personal income tax (PIT) and a drop in billing, opting to cover up to 70%. costs not covered, but this requires an audit after receiving the benefit, or requesting recovery of downtime costs without an audit.
The Minister of Economy and Innovation Aušrinė Armonaitė declared that the new concept could come into force on April 14.
The change in the concept of the instrument also provides for the exemption from the requirements for 2020. decrease in profit compared to 2019. profit of at least 60%. and the applicant’s 2020 the decrease in the average annual number of employees compared to 2019 by no more than 49 percent.
A new pool of applicants is also included, no later than 2019. October 31 established and from 2019. November 1 to January 2020 31 companies that do not generate income.
In addition, following the knowledge of the European Commission (EC), the requirements for applicants applying for a grant in the framework of 2020 March 20 EC Communication “Temporary framework for state aid measures to support the economy in response to the current outbreak of COVID-19 “.
From now on, this grant will be awarded to companies whose average monthly turnover due to coronavirus has decreased by at least 50% compared to 2020. November 1 – 2021 January 31 turnover for the period with 2019. the average monthly turnover of the corresponding period.
If the activity was prohibited after 2020. The reference period for the drop in turnover is November 30, 2020. December 1 – 2021 January 31 with 2019 the average monthly turnover of the corresponding period.
The subsidy is also awarded to companies whose turnover has decreased by 30% due to COVID-19 compared to 2021. February 1 –2021 April 30 turnover for the period with 2019 the average monthly turnover of the corresponding period .
According to the ministry, the change in concept will allow a greater number of companies most affected by COVID-19 to ensure their liquidity and overcome the negative consequences of COVID-19.
