Dear clients,
Companies which are still suffering from the consequences of the corona pandemic shall be supported in particular by the extended promotion instruments “Loss Compensation extended and Cancellation Bonus II”.
Cancellation bonus II (Ausfallsbonus II)
The cancellation bonus, which expired on June 30, 2021, has been extended for the months of July, August and September 2021. The legal requirements are the same as for the previous cancellation bonus, but the key requirement for cancellation bonus II is a decline of sales of at least 50% (previously 40%).
The cancellation bonus II does not contain an (optional) advance payment on the fixed cost subsidy 800,000.
The amount of the cancellation bonus II results from the loss of sales in the period under review and the respective percentage (10% to 40%) for the industry in which the company was active in the period under review. Furthermore, the sum of the cancellation bonus II and short-time working allowances for the period under review must not exceed the sales in the reference period. The comparison period is the calendar month of the calendar year 2019 corresponding to the calendar month of the observation period (July, August, September 2021).
The cancellation bonus II can be applied from the 16th of the calendar month following the observation period up to the 15th of the fourth calendar month following the observation period (e.g. for July to November 15th, 2021) via FinanzOnline.
Loss compensation extended (Verlustersatz verlängert)
For the loss compensation extended the general requirements are quite the same as for the original loss compensation. A company can apply for a loss compensation extended if a loss has arisen in the period between July 1, 2021 and December 31, 2021 at the latest (applications can be made for a maximum of 6 consecutive observation periods) and a loss of sales of at least 50% (previously 30%) has occurred. The amount of the loss compensation is 70% or 90% for small and very small companies of the calculated assessment basis.
The application for the loss compensation extended can be applied until June 30, 2022 via FinanzOnline.
Fixed cost subsidy 800,000 (Fixkostenzuschuss 800.000)
Please note that applications for the fixed cost subsidy 800,000 can still be submitted until December 31, 2021. For the content of the fixed cost subsidy 800,000, please read our newsletter and details can be found at https://www.fixkostenzuschuss.at/fkz800k/.
Best Regards
Manfred Gross
Wien, October 2021
