On April 8, Uruguay enacted Law No. 19,874 creating the Covid-19 Solidarity Fund , a precedent seen by the cross-sectional group of 16 economists who proposed a similar formula to address the emergency and post-pandemic recovery in Chile. The formula of creating a Covid fund, from which up to US $ 12 billion could be drawn to finance support for individuals and companies, seeks that the Government does not have to go to Congress for each measure: once the framework of action has been agreed, it would be issue decrees charged to fund financing.
regjeringen.no (10.11.2020) The government proposes to provide NOK 300 million so that activity in the event industry can be resumed as soon as the contagion situation allows. The allocation can be increased if necessary.
Ministry of Finance (16.10.2020) Companies based in a Regional Unit that is part of level 4 for at least 14 days and are significantly affected according to the expanded list of KAD April, including scientific disciplines, are entitled to a mandatory rent reduction of 40% on their commercial real estate. The same applies to the main and student residence of suspended employees. For the owners who rent real estate in these companies and the above employees, 1/3 of the loss is offset against their tax liabilities.
Jizokuka-kyufukin (01.09.2020) One time subsidy for small and medium-sized enterprises and sole proprietors whose sales of any month from January to December reduced by at least 50% compared to that of last year. The amount is 2,000,000 yen maximum for SMEs, and 1,000,000 yen maximum for sole proprietors including freelances. Application can be done online during 1st May 2020 to 15th January 2021.
Australian Taxation Office (29.07.2020) The government is temporarily reducing superannuation minimum drawdown requirements for account-based pensions and similar products by 50% for 2019–20 and 2020–21. This measure will benefit retirees holding these products by reducing the need to sell investment assets to fund minimum drawdown requirements.
The Ministry of Employment and Labor (30.07.2020) The Ministry of Employment and Labor and the Korea Labor Welfare Corporation announced that they will accept the loan maintenance project for small and medium-sized enterprises (SMEs) with no financial resources due to the temporary management difficulties following the spread of Corona 19.
Ministry of Employment and Labor (30.03.2020) Construction workers are being hit hard by the spread of Covid-19 due to delayed contracts and construction suspensions. Zero-interest loans will be provided to construction workers from mid-April to help their livelihoods, with individual loans capped at KRW 2 million.
CAFAT (30.07.2020) The payment dates for contributions due by employers forced to reduce or suspend their activities due to the health emergency measures adopted on March 23, 2020 are as follows: The payment of social contributions for the 1st calendar quarter of 2020 (due April 30, 2020) is postponed to September 30, 2020. The payment of social contributions for the 2nd calendar quarter of 2020 (due July 31, 2020) is postponed to October 30, 2020.
Government of New Caledonia (16.07.2020) Covid-19 allowance has been extended for companies durably affected by the health crisis for a period of three months, from 1 st June 2020 to 31 August 2020 with the possibility of extending it for another three months. The amount is 100% of the salary for employees remunerated at the guaranteed minimum hourly wage of the sector of activity concerned, and 70% of the last gross salary within the limit of 4.5 times the minimum wage in other cases.
Réunion Region (18.05.2020) This fund is part of a principle of subsidiarity, in addition to the other mechanisms operated by the State and the local authorities, and must allow “last resort” intervention. It is therefore mobilized if: • the applicant does not have access to a bank loan or to other support tools offered by the State, the Region (rebound loan) or other communities, • the other support tools did not meet the cash flow requirements.
It is an Advance of 10,000 € - repayable in 3 years, including 1 year deferred No Guarantee - Interest rate = 0%