State of emergency
The „60/40 measure“
On 30 March 2020 the Council of Ministers has published a decree in relation to the retention program (“the 60/40 measure”). By this measure the state aims to support employers from specific sectors (retail trade, hotels, restaurants and bars, cinemas, tourist and tour operator activities, etc.) by covering 60% of the salaries of the employees and part of the employer`s insurance contributions. Some of the conditions for companies to be eligible to apply are:
Other companies eligible for government assistance will be able to apply by declaring a 20% drop in sales. March will be used as a reference month.
The term of the measure 60/40, introduced by the State of Emergency Act, is extended to September 2020, and for some sectors – until the year end. For the transport sector, the measure will reach a ratio of 80/20.
General rules applicable
Extension of tax returns
Financial statements signature
Transparency report publication