Iceland: Application for closing grants

Submitted by siha on Fri, 06/26/2020 - 15:15
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Skatturinn - skattar og gjöld (12.06.2020) An application for a grant has been opened in accordance with Act no. 38/2020 . The operators that were made to cease their activities according to the Minister of Health's announcement of restrictions on epidemics can apply for closure grants.

 If the applicant for a closing grant is a company (legal entity), the proprietor logs on to his service page and thus enters the company's area. A self-employed person enters the application through their own service page.

The amount of closing grants shall be equal to the operating costs of the operator during the period 24 March to 3 May 2020, though never exceeding ISK 800,000 per employee who worked for the operator in February 2020, and a maximum of ISK 2.4 million per operator.

An application for a closing grant must be received no later than September 1, 2020.

measures summary

Closing grant adopted in the Parliament  Act no. 38/2020  on financial support for smaller operators due to the pandemic. The government will provide these individuals and legal entities engaged in business or self-employment activities with grants to make up part of the revenue decline and help them meet the fixed costs incurred in their operations.

  • 800 thousand ISK per employee

  • A maximum of ISK 2.4 million per company

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Application for closing grants

06/12/2020

An application for a grant has been opened in accordance with Act no. 38/2020 . The operators that were made to cease their activities according to the Minister of Health's announcement of restrictions on epidemics can apply for closure grants.

Apply on the Tax Service's website, www.skattur.is . If the applicant for a closing grant is a company (legal entity), the proprietor logs on to his service page and thus enters the company's area. A self-employed person enters the application through their own service page.

An application for a closing grant must be received no later than September 1, 2020.

Detailed instructions have been provided on how to fill out the application, but it is important to record all information accurately so that the amount of funding is properly determined.  

More information and instructions