Greece: Additional measures to support employees and businesses for the period July - September 2020

Submitted by siha on Tue, 07/07/2020 - 15:27
Body

Ministry of Finance (03.07.2020) Coverage of State Budget of employer contributions during the months of July, August and September 2020 for companies that have the highest percentage of their turnover by 3 the quarter.

measures summary

Coverage of State Budget of employer contributions during the months of July, August and September 2020 for companies that have the highest percentage of their turnover by 3 the quarter.

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Regions / Country
Global challenges
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Description/integral text (Internal-not for publishing)

The Ministry of Finance and the Ministry of Labor & Social Affairs are taking additional measures to support workers and businesses for the period July-September 2020, in practice confirming the Government's continued readiness to intervene in a timely and targeted manner to minimize the economic and social impact of the crisis. .

These measures are as follows:

3.  Coverage of State Budget of employer contributions during the months of July, August and September 2020 for companies that have the highest percentage of their turnover by 3 the quarter.

More specifically, for businesses in the tertiary sector subject to VAT, which at 3 the quarter of 2019 (July to September) received over 50% of their annual turnover, employers' social security contributions will not be paid by businesses and will be covered by the State Budget.

The same applies to companies operating in the aviation and shipping sectors.

For the employees of all the above companies that are included in the SYN-ERGASIA program, the total of the employer's insurance contributions will also be covered.