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On Saturday, the first companies will have an opportunity to seek compensation. “We know there are tens of thousands of companies, yes, maybe hundreds of thousands of companies, waiting for this scheme,” says Sanner.
Finance Minister Jan Tore Sanner at the press conference on Friday.
Terje Pedersen
published:,
“I am incredibly happy and grateful to be able to be here now and tell them that the compensation scheme is ready,” said Finance Minister Jan Tore Sanner (H) when the details of the new support scheme were presented on Friday night. , three weeks after the launch of the aid package.
The cash benefit plan is intended to help companies that have suffered a large loss of income due to the virus, but have to pay large fixed costs, such as electricity, rent or interest.
– The solution is simple and effective, but finding simple answers to complicated problems is not easy.
– It is difficult to describe how intensively work has been done to achieve this scheme, says Sanner at the press conference.
This is how it works: those who created the portal explain how it works
Maybe hundreds of thousands of companies
Sanner says the scheme will ensure that we avoid unnecessary bankruptcies and safe jobs.
– As previously announced, the scheme is divided into two parts. We distinguish between businesses that the state requires to close and those that do not. Those who are required to close receive compensation equal to 90 percent of the fixed costs.
Companies that are not required to close, but still have a turnover reduction of at least 30 percent (20 percent in March) will receive compensation according to a separate calculation key.
Sanner says it’s important for companies to familiarize themselves with the terms of the scheme and point out that the information will be available in the compensation scheme on the website no.
Sanner says the government has emphasized that companies should be treated in the same possible way, regardless of how they are organized.
The maximum limit is set at NOK 80 million per month, the same for groups and companies.
“We know that there are tens of thousands of companies, yes, maybe hundreds of thousands of companies, waiting for this scheme,” Sanner said.
Earlier in the day, the Norwegian Auditors and Accountants Industry Association told E24 that they expected up to 140,000 companies to apply.
Information can be searched
Sanner points out that the companies themselves are responsible for the information in the applications, with the assistance of auditors.
– Information on who will receive subsidies and how many will be publicly available and searchable.
Sanner said it will be available in a few days and that there will be transparency as more people request.
Additional funds have been added to the Tax Administration in relation to work in the scheme.
Sanner noted that five weeks have passed since Norway introduced the most radical measures in peacetime.
– Five weeks is a long time for a company that is not sure how to make ends meet and avoid bankruptcy.
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Fiscal Director Hans Christian Holte.
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– awesome work
Idar Kreutzer, Norway’s chief financial officer, who runs Norwegian banks and financial houses, noted that it has only been three weeks since the scheme started.
– When we took the opportunity to do so, it was because we could trust existing digital solutions. But it has been a formidable job to develop this scheme.
Norwegian financial company Bits, in collaboration with DNB, the Tax Administration and the Digitization Directorate, has been instrumental in rapid development. Read how the people behind explain the scheme here.
Hans Christian Holte of the Tax Administration said that they have emphasized the quick creation of a search portal and that the first companies will have the money on account on Monday, if everything goes according to plan.
“It has been hard and good work, because it is urgent for many companies,” Holte said.
Holte advises companies that they will request to find the necessary information that must be provided before submitting the application.
– The deadline is June 30 to file an application under the scheme, Holte says.
Holte said the compensation scheme should be easy to use but difficult to abuse.
He wants to have his own scheme for seasonal businesses
Sanner says the current scheme doesn’t affect seasonal businesses well enough, and that there will be a separate scheme for these that will take into account their income structure.
– Especially for foreign shipping and other companies that are subject to taxes in Norway, but have all or part of their activity outside of Norway, there have been discussions with Esa in this regard, Sanner says and states that the scheme will focus on companies operating within Norway. .
The cash support scheme will be administered by the Tax Administration. That is, you have the primary responsibility for organizing the schema and controlling the applications.
Tax Director Hans Christian Holte of the Tax Administration said companies that were forced to close by the state can apply for grants “in the morning,” that is, on Saturday, April 18.
– Other companies with significant loss of income can file an application starting Monday, April 20, says the tax director.
Sanner said earlier:
– Most requests will be processed automatically. Therefore, many of the companies will have the money on account a few days after submitting the application, says the Minister of Finance.
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Sent the scheme today
Norway sent the plan to Esa on Friday and it was approved the same day, Esa writes in a message sent before the press conference.
– After close dialogue with Norwegian authorities, ESA today approved a subsidy scheme for companies, including civil society organizations that carry out taxable economic activities, says Bente Angell-Hansen, president of the Supervisory Authority of the ESA.
Angell-Hansen notes that the scheme will compensate for loss of income that may be directly related to the pandemic or comprehensive public health preventive measures implemented.
– The purpose is to secure jobs and obtain a faster recovery of the economy after the crisis, Angell-Hansen wrote in the report.
Bente Angell-Hansen, President of ESA, which is the supervisory body for the EEA Agreement and enforces state aid rules.
Ola Vatn / VG
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