PT

Due to the fact that the new “Anti-crisis Shield” came into force as of 18th April 2020, we present below a summary of state aid issues related to the new support instruments, as well as the support provided by the previous “Anti-crisis Shield”. Non-state aid support A part of the support provided under both 'Anti-crisis Shields' is not qualified as a state aid. This means that the support does not require a beneficiary to report the aid using the appropriate forms, or to calculate the available state aid limits. This applies to, in particular: - jobs protection refund for enterprises...

Below we present selected legal and tax issues of the Act of 16 April 2020 on special support instruments in connection with the spread of the SARS-CoV-2 virus, which is a continuation of the Government's activities in the area of implementation of the Anti-Crisis Shield. Changes introduced by the Anti-Crisis Shield 1.1. are divided into: - requiring submission of an application - not requiring submission of an application - procedural changes In subsequent tax alerts we will inform you about any changes and additional clarifications of current doubts as to the manner of implementation and...

We set out below selected issues proposed within a so-called financial shield to be provided by the Polish Development Fund (hereinafter also: "PFR"). The financial shield essentially consists of two government financial support programs for enterprises: - PFR Financial Shield for Large Enterprises - PFR Financial Shield for Small and Medium-sized Enterprises whose legal basis is regulated in art. 21a section 1 of the Act on the system of development institutions dated 4 July 2019 [Journal of Laws of 2019, item 1572, as amended], allowing the Council of Ministers to entrust PFR with the...

Below we present a brief summary of the Law of 28 March 2020 which introduces special measures related to the COVID-19 pandemic and its economic outcome (the “Anti-Crisis Shield”). The summary also includes references to regulations implementing detailed solutions. Solutions requiring submission of an application Funding to retain employment (jobs) - Funding to retain employment (jobs) is addressed to entities reporting a decrease in turnover, i.e. a decrease in sales of goods and/or services: by at least 15% - when comparing total turnover in any two consecutive calendar months of 2020...