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150 million The 2,000 million euros, which will be distributed through two calls, will be allocated to small and medium-sized companies whose turnover has fallen by 30% as a result of the pandemic.
The grant will amount to 25%. Personal Income Tax (PIT) paid by the company last year. If the tax is paid more than 2,000 euros, the company will receive 25 percent. of the amount of tax paid.
When the amount of GPM paid does not exceed 2,000. € 500 will be delivered to companies.
During the meeting, the Minister of Economy and Innovation Aušrinė Armonaitė reported that companies will be able to start applying for subsidies from next week.
According to the ruling, the grant can be awarded to applicants operating in all fields except agriculture, fisheries, aquaculture, credit, and financial institutions. If at least one economic activity of the company falls in these areas, no subsidy is awarded to the company.
Grant applications will be evaluated by the State Tax Inspectorate, the Lithuanian Business Support Agency and the Competition Council.
It will be possible to award a grant to a company only once.
The grant will not be awarded or reduced accordingly if the total amount of aid awarded to a company exceeds 800,000 people. euros.
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