The purpose of the subsidy
is to help companies overcome the negative effects of COVID-19 and maintain
liquidity.
According
to the Decision No. 24 for the Approval of the Description of the Allocation
of funds and Administration of the measure ‘Subsidy to companies affected by
COVID-19’ issued by the Government the maximum amount of the subsidy that
could be granted is established based on personal income tax paid in 2019:
·if the amount of personal income
tax paid and set off in 2019 is more than EUR 2.000 – the subsidy of 25 %
from personal income tax of 2019 is paid,
·if the amount of personal income
tax paid and set off in 2019 is equal and less than EUR 2.000, a minimum
subsidy of EUR 500 is paid.
The
main requirements for the mentioned subsidy are:
·turnover of economic activity of
the company for the period from 1 November 2020 until 31 January 2021,
compared to 2019-2020, according to the information of State Tax
Inspectorate, decreased by at least 30 % during the relevant period (if the
company's activities was restricted after 30 November 2020, the average
monthly turnover is compared for the period from 1 December 2020 until 31
January 2021 compared to the same period 2019-2020);
·companies established from 1
November 2019 until 30 November 2020 which, in the period from 1 November 2019
until 31 January 2020 did not receive income, but their main economic
activity included in the list of restricted and indirectly restricted
economic activities during quarantine;
·the company may apply for a subsidy
if it is a legal entity whose annual income in 2019, together with related
companies operating in Lithuania, did not exceed EUR 50 million or the value
of the assets in 31 December 2019 did not exceed EUR 43 million;
·the subsidy is not granted to an applicant
who in 31 December 2019 has already been considered as the company in
difficulty, unless the mentioned company is very small and small;
· in the company in 1 January 2021
and on the first day of the month in which the application for subsidy is
submitted, if the application is not submitted in January 2021, at least one
employee was employed;
·the company by 31 January 2021 has
paid or set off at least a part of the amount of the payable personal income
tax reported in the monthly returns for the taxable period of 2019;
·the subsidy may be granted to companies
operating in all fields except agriculture, fisheries, aquaculture, credit
and financial institutions;
·the company on the date of
submission of the application is not reorganized, participating in
reorganization, restructured, participating in separation, bankrupt,
liquidated, liquidated due to bankruptcy, cross-border merger, participating
in cross-border merger;
·the company on the date of
submission of the application meets the minimum criteria of a reliable
taxpayer;
·if the applicant is a legal person
not registered in the Republic of Lithuania, its permanent establishment is
registered in the Register of Taxpayers of Lithuania;
·the company will not use the
subsidy to pay dividends, to pay capital to reduce the company's members, to
repurchase own shares or make other payments from the capital to the
company's members, as well as to repay or grant loans to the company's
members;
·the subsidy is not granted to an
applicant who has not returned previously received state aid, which has been
reported as illegal and incompatible with the internal market by a decision
of the European Commission;
·the company has been submitted
to the Register of Legal Entities the annual financial statements for 2019
(if the company's financial year does not correspond to a calendar year, the
annual financial statements for the last ended financial year).
|