The application period for the fourth round of cost support begins on 17 August and support can be applied for from March to May. The support period is 1 March 2021-31 May 2021. The reference period depends on the company’s VAT declaration period and the date of establishment of the company.
The support is intended for companies whose turnover has fallen significantly as a result of the COVID-19 pandemic and whose wages and other costs for the support period (1 March 2021 to 31 May 2021) are difficult to adjust. The aim of the cost support is to support businesses in the difficult situation caused by the COVID-19 pandemic and to reduce the number of companies going bankrupt by giving companies more time to adjust their activities and costs once the COVID-19 crisis persists.
More information:State Treasury – Business cost support Posintra – Business advising