Initially, it has been communicated that the fixed cost support will be granted only next year – after, the actual (financial) damage can be identified. However, this has been criticized by many and therefore a new regulation is in place.
The new regulation now foresees that the applications can be made starting May, 20th via “Finanzonline” (and not as initially communicated via aws). This would mean that first payments might even happen end of May – the fixed cost subsidy does not have to be paid back.
ATTENTION: There is a lot of „fine pints“ to be considered, such as:
- If your loss in profits is less than 40% you won’t receive the fixed cost support
- Fixed cost support of less than €2,000.00 won’t be granted
- The support is linked to restrictions in bonus payments to managing board and managing directors and restrictions in dividend payments and profit payments
- A “set-off calculation” with other corona-measurements such as the hardship case fund is considered (this is contrary to earlier drafts)
It is essential to be able to prove and show the decrease in profits. Based on the height of requested support, there can be a plausibility-check resp. a confirmation from the tax advisor might be needed. Therefore, it is important to have some professional support in accounting.
If you need any support with the applications or have any kind of questions, we are happy to support.
All details in regads to this topic can be found here (in German): BMF