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The Flemish Government is once again taking measures to support businesses that have lost turnover as a result of the coronacrisis. This fourth iteration of the Flemish Protection Mechanism addresses the loss of turnover in the months of January and February 2021.
In tangible terms, any entrepreneur who suffers a loss of turnover of at least 60% in January or February 2021 as a result of the corona measures will be able to call on the new Flemish Protection Mechanism ‘QUATER’.
Are excluded:
Exception for the ‘Horeca’ sector:
Managers of cafés and restaurants[1] which are compulsorily closed as a result of the coronavirus measures do not have to demonstrate their drop in turnover. This derogation does not apply to companies whose turnover in the same period of 2020 is the result of takeaway activities for 50% or more. They will therefore have to demonstrate a drop in turnover.
For cafés and restaurants, the subsidy also amounts to 10% of the turnover excluding VAT for the period in 2020 corresponding to the mandatory closure period.
Exception for sectors subject to manadatory closure
No drop in turnover has to be demonstrated if on 16 November, the main activity of the company falls within the eligible sectors and the company has been mandatorily closed as a result of the coronavirus measures. The subsidy amounts to 10% of the turnover excluding VAT for the period in 2020 corresponding to the mandatory closure period.
The Minister of Economy may amend the list of eligible sectors if additional sectors are required to be closed.
The aid amounts to 10% of the turnover, excluding VAT, during the same period in 2020. Self-employed persons in a secondary occupation[2] receive 5% aid. For companies that had not yet started up, the drop in turnover is compared with the expected turnover as stated in the financial plan. The aid is granted at company level.
The maximum aid will amount to:
The application can be made via the agency ‘Innoveren en Ondernemen’ (Vlaio),
The measures as described in this infoflash have not yet been published in the Belgian Official Gazette.
Flemish Protection Mechanism
New Flemish Protection Mechanism (BIS)
Flemish Protection Mechanism (TER)
Flemish Protection Mechanism QUATER
Submit application until
15/11/2020
31/12/2020
15/02/2021
JAN21: 15/03/21
FEB21: 15/04/2021
Reference period for drop in turnover
August and September 2020
1/10 - 15/11/2020 OR
19/10 – 15/11/2020
16/11 - 31/12 OR period of mandatory closure
January and February 2021
Drop in turnover
60%
Premium
7.5% of turnover
10% of turnover
Minimum amount of premium
€ 1,000
€ 600/month
Maximum amount of premium
€ 15,000
€ 11,250 / € 22,500 /
€ 60,000
OR
€ 7,500 / € 15,000 / € 40,000
€ 11,250 / € 22,500 / € 60,000
€ 7,500
€ 40,000
Legal source
DFG 7/8/20
DFG 23/10/20
DFG 13/11/20
DFG 5/2/21
Source:
[1] NACE codes: 56101, 56102 and 56301.
[2] A self-employed person in a secondary occupation who in 2019 has a professional income between € 6,996.89 and € 13,993.78 and is not employed as a wage earner for 80% or more.
[3] Either establishments where meals are consumed on a regular basis or domestic caterers providing catering services on a regular basis.
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