IAPA

Member Activity

Liquidity subsidy for small and medium-sized companies in Germany affected by COVID19

The purpose of the liquidity subsidy (bridging aid) is to provide further liquidity support to small and medium-sized companies directly or indirectly affected by Corona-related economic effects or closures for the months June to August 2020.

Companies are eligible to apply for the aid if their turnover in the months of April and May 2020 together has fallen by at least 60 percent compared to April and May 2019.

The liquidity subsidy reimburses a share of the fixed costs, depending on the intensity of the reduction of turnover. In total, companies could receive a liquidity subsidy of up to 150,000 euros.

The application period is now extended to 30.9.2020.

The application could only be done by a registered German tax advisor or German CPA.