MINISTRY OF FINANCE LIBERALISATION PACKAGE
The Ministry of Finance has prepared a liberalisation package for taxpayers affected by the current situation, bringing the postponement of the personal and corporate income tax return to 1.7.2020. They individually waive fines for the delay in filing all taxes, if the entity proves the reasons related to coronavirus. The Liberalisation Package also postpones the effectiveness of the final phase of the EET until August 1, 2020. During this time, the Financial and Customs Administration will be tolerant and will serve only an advisory function. You can find a guide for taxpayers of tax administration here.
SUPPORT FOR SMALL AND MEDIUM-SIZED ENTERPRISES FROM THE EU
SMEs will receive a total of € 1 billion from the EU budget as a guarantee for the European Investment Fund. Following the relaxation of state aid rules, states could provide aid to companies affected by coronavirus of up to half a million euros (CZK 13.5 million). The Commission has also earmarked 164 million euros to support small and start-up companies who will come up with projects to fight the virus. Find out more about EU support here.
We will continue to monitor the information. If you have any questions or if you find other support options, please let us know at firstname.lastname@example.org. We are also ready to provide up-to-date information from neighbouring countries.