| Emergency allowance in the amount of 2.500
€ for the self-employed | Grant self-employed people with less than
10 employees a non-refundable and nontaxable support of 2.500 € |
| Additional financial aid for the self-employed
based on their income | Grant self-employed people (regardless of
the number of their employees) a direct aid
in the amount of EUR 3.000 ; 3.500 or 4.000
depending on the income level of the
person concerned |
| Financial aid of 5.000 € for micro-businesses
forced to close down pursuant to a
Government decision | Grant direct aid in the amount of 5.000 € to
companies with less than 10 employees,
forced to cease their operations as a result
of the amended regulation of 18 March
2020 |
| Additional financial aid of 5.000 € for microbusinesses (employing less than 10 people) | Grant an additional direct aid in the amount
of 5.000 € to companies with ≤ 9 employees |
| Financial aid of 12.500 € for businesses
employing between 10 and 20 people | Grant a direct aid of 12.500 € to businesses
(between 10 and 20 staff) |
| Capital grant advances | Grant financial aid of up to 500.000 € in the
form of a repayable advance to cover
operating costs |
| Advance refund of VAT | Meet liquidity needs through an early
repayment of VAT credit balances below
10.000 € |
| Payment of an advance on extraordinary
family leave | Advance partial reimbursement of salaries
that employers must continue to pay to the
parents concerned |
| “Special Anti-Crisis SME Guarantee” in
cooperation with banks active in corporate
financing | Provide guarantees for obtaining new
working capital lines from banks |
| Cancellation of tax advances for the first two
quarters of 2020 | Automatically grant a cancellation of tax
advances for the first 2 quarters of 2020. This
concerns income tax (of firms) and municipal
business tax |
| 4 month deferral for the payment of tax
instalments | Request a deferral of payment (without
interest) of income tax, municipal business tax
and wealth tax |
| Deferral of tax return filings | Set the deadline for the submission of tax
returns for legal and natural persons at 30
June 2020 |
| Extension of the filing deadline for VAT returns | Waive administrative penalties if the deadline
for filing VAT returns, subscription tax,
inheritance declarations and notarial and
bailiff’s deeds is exceeded |
If you have any questions regarding this or any of the other initiatives offered to those affected by
the current disruption, please contact Bernard Zimmer at bernard.zimmer@ibspartners.lu.
