Extension of economic protection measures
Earlier we informed you about the main tax measures of the economic relief package regarding the second wave of COVID-19. Under a new government decree the range of beneficiaries and the temporal effect of the measures were widened.
In terms of social contribution tax, vocational training contribution, rehabilitation contribution and small business tax the reliefs introduced for November 2020 are also applicable in December 2020 and January 2021 in the case of taxpayers who are engaged in the mentioned activities as their main activity.
This government decree also extends the benefits to those payers who are engaged in the following activities as their main activity (that is at least 30 percent of their revenue derived from this main activity in a 6-month period preceding the decree entered into force):
- Hotels and similar accommodation (NACE 5510),
- Holiday and other short-stay accommodation (NACE 5520),
- Camping grounds, recreational vehicle parks and trailer parks (NACE 5530),
- Other accommodation (NACE 5590),
- Travel agency activities (NACE 7911),
- Tour operator activities (NACE 7912).
Payers engaged in the above activities are also eligible for a 50 percent subsidy after the employed natural persons’ wages for November and December 2020 and January 2021. The condition of the subsidy that the employer does not terminate the employment status of the natural person by notice or mutual agreement until the end of the month following the last day of the subsidy period and the employer fulfill its obligation to pay wage for the employee.
In the case of those payers who submitted the application for wage subsidy before 10 December 2020, the subsidy will automatically be extended regarding the employee without further application.
The other conditions of the tax reliefs and the wage subsidy remain unchanged.
