(19.03.2020, 12.00 )
1. COVID-19 measures applicable throughout Austria
In to immediate action to maintain liquidity for companies, nation-wide and regional measures have been addition taken during the past week to create liquidity in Austrian companies.
In this context, the Austrian Federal Economic Chamber (WKO) provides information about the following measures: interim guarantees for working capital credits for one-person businesses, small and medium-sized enterprises (SMEs) and tourism businesses.
2. COVID-19 support for companies in Lower Austria
An “Upper Austria Package” is going to be launched by the Upper Austrian regional government early next week that is meant to support Upper Austrian businesses in areas where the measures taken by the federal government are insufficient.
Currently, businesses are supported through the following measures:
Within the purview of the locally competent authority of the regional government of Upper Austria, inspections/verifications will be suspended to the extent reasonable, with respect to both the disbursement of government grants and compliance with the requirements of the “Land”. For details please go to www.land-oberoesterreich.gv.at
3. COVID-19 Measures for businesses in Linz
The City of Linz currently supports Linz-based businesses and associations through the following measures:
Sole traders, small and medium-sized businesses that are massively affected by the coronavirus and have rented premises in properties of Linz Holding are released from the obligation to pay rent for the duration of the government restrictions.
Commitments to pay subsidies for events and activities to Linz-based cultural associations, sports clubs and charities remain valid, even if events cannot take place due to the coronavirus. The short-term parking zones, which are normally subject to fees, have been suspended until further notice.
For details please go to www.linz.at/coronavirus.php
TPA Tip für businesses & companies
The support measures are intended to help those companies that currently find themselves in a crisis situation as a result of the coronavirus. Proof of the crisis situation must be provided, therefore we recommend that you complete your annual financial statements and tax returns for 2019 promptly, for you to be able to provide evidence that the individual requirements are met. More than usually, we also recommend that you ensure timely accounting, as some of the support measures apply to current declines in March 2020 already.
