Agenda

ALLOWANCE FOR FIXED CHARGES FOR SMES

21/05/2020

 

SME entrepreneurs in the catering, recreation, events, fairgrounds, stages and theaters, among other things, receive - in addition to the wage costs allowance (NOW) - a tax-free allowance from the Ministry of Economic Affairs to pay their fixed material costs. Depending on the size of the company, the level of the fixed costs and the degree of loss of turnover (at least 30 percent), companies receive a contribution for their fixed costs up to a maximum of 20,000 euros for the next three months. EUR 1 billion is available to help those businesses. The affected sectors are eligible under the TOGS scheme.

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