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Companies that distribute profits will lose access to government-approved measures to support the business sector.
The measure was approved by the Council of Ministers this Thursday, September 24.
“It is defined that the distribution of profits, in any form, the return of credits to the partners and the acquisition of shares or own quotas, by the beneficiary entities, determines the cessation of the effects of the extraordinary measures to support the liquidity ”, according to the declaration of the Council of Ministers.
At the same time, the António Costa executive decided that “the beneficiary entities that, as of October 1, 2020, avail themselves of any of the extraordinary liquidity support measures, benefit from the additional and automatic extension of these measures for a period of six months, between March 31, 2021 and September 30, 2021 ”.
The Government also approved today the six-month extension of the moratorium – suspension of monthly payments – to companies and individuals until September 30, 2021 of the capital and interest repayment obligations.
Another measure taken in the context of the Covid-19 pandemic was the extension of the “exceptional and temporary regime for insurance contracts”.
The government extends the terms of the moratorium for another 12 months
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