חוק התכנית לסיוע כלכלי (נגיף הקורונה החדש) (הוראת שעה) (תיקון מס' 4), התשפ"א-2021Law on the Economic Assistance Program (Novel Coronavirus) (temporary provision) (Amendment No. 4), 2021 · automatic translation · suggest a correction

Official summary of the law (Knesset)

This Law amends the provisions for granting the assistance grant for fixed expenses under the Law for Economic Assistance Plan (Novel Coronavirus) (Temporary Provision), 2020, and for the work grant under the Law to Increase the Labor Force Participation Rate and Reduce Social Gaps (Work Grant), 2007, so that they will also be given for the months of January-February 2021. The requirement for a decline in turnover for the assistance grant for fixed expenses, compared to the corresponding period in 2019, will continue to stand at a decline of 25 percent, with the amount of the grant determined according to decline brackets of between 25 percent and 40 percent, between 40 percent and 60 percent, and above 60 percent. It was determined that the grant for the months of May-June 2021 will stand at half, and that the Minister of Finance will be authorized to determine that a grant for those months will be given only if the expenditure required for this is included within the expenses for dealing with the coronavirus crisis, or within the annual budget, to the extent that a law on the matter is adopted. An assistance grant will be awarded for prolonged harm caused by the economic impact of the novel coronavirus, which will be given to those whose turnover in 2019 exceeds 18 thousand NIS but does not exceed 300 thousand NIS, and whose decline in turnover due to the crisis exceeds 25%, with the amounts received as an assistance grant for fixed expenses taken into account in this calculation. For a business owner whose turnover does not exceed 300,000 NIS, the amount of the grant for prolonged harm will range between 3,000 NIS and 9,000 NIS depending on the rate of harm to their turnover due to the impact of the virus, and for a business owner whose turnover exceeds 300,000 NIS, they will be able to receive a grant calculated according to the amounts they received in participation grants for fixed expenses. However, a business owner whose turnover in 2020 reached 90% of their turnover in 2019 will be entitled to only 60% of the grant amount they would have been entitled to based on their turnover. In addition, a claim for receiving a prolonged harm grant will be submitted online within three months from 10 February 2021. The Director of the Tax Authority will be authorized to postpone the start date for submitting the claim if online submission is not possible.

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