Coronavirus/COVID-19: The government now will help compensating small companies for both the loss of sales AND paying for fixed costs

The government and the political parties, now have agreed to spend a 3-digit billion DKK amount, should it be needed, to help the Danish companies through the Coronavirus crisis.


Coronavirus/COVID-19: The government now will help compensating small companies for both the loss of sales AND paying for fixed costs


The following new compensation packages is agreed and in place:


Small companies with a maximum of 10 employees:

The government will compensate up to 75% of the loss of sales for small companies, that has seen a loss of sales of more than 30%.

The compensation will be maximum 23.000 DKK per month.

If you have a spouse working in the company, then the total compensation can be up to 34.500 DKK per month.

The compensation period will be for 3 months – during the period 9.3.2020 to 9.6.2020.


For the companies that is struggling the most:

The government will compensate 25-80% of the fixed costs, for the companies that has seen a loss of sales of more than 40%.

This compensation package is relevant for the companies, that is struggling the most:

Airlines
Hotels
Transportation
Restaurants
And more…

The compensation period will be for 3 months – during the period 9.3.2020 to 9.6.2020.


Where do you apply for compensation?

It is not clear yet, how the application will look like.

Or what requirements there will be.

Including if there will be audit statements needed or similar.

Also we do not know, when the compensation will be paid.

We do know by now, that the application will be submitted here: https://virksomhedsguiden.dk

The information we have, is that applications can be submitted from next week.

We are following the news, and will let you know, once the application process is clear.

If you have any questions about compensation, then you are welcome to contact us.


Do you have any questions to the compensation rules in Denmark for the loss of sales and fixed costs?

Please send us an email: info@daniaaccounting.com

Book an online meeting with us here


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