Businesses are allowed to reopen and contact restrictions have largely been lifted. The economy is recovering and the impact of the coronavirus on the economy is diminishing. It is expected that businesses will no longer suffer a total loss of turnover as a result of the coronavirus crisis.
The government has therefore decided to implement an amendment to the NOW support package with effect from 1 July 2021.
From today, employers may still declare up to 80 per cent loss of turnover for the third quarter; they may therefore apply for a grant covering up to 80 per cent of their wage bill. The reimbursement percentage remains unchanged.
Due to the changes to the NOW support package, publication of the scheme has been delayed; as a result, the application portal will open a few weeks later.
The cabinet has decided that the support and recovery package will not be extended beyond the third quarter of this year. Unless companies again have to close their doors for an extended period.
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