{"id":8249,"date":"2020-04-07T10:58:01","date_gmt":"2020-04-07T08:58:01","guid":{"rendered":"https:\/\/auren.com\/il\/global-blog\/israel-emergency-economic-measures-to-support-the-economy-under-the-coronavirus-threats\/"},"modified":"2025-01-14T11:25:07","modified_gmt":"2025-01-14T10:25:07","slug":"israel-emergency-economic-measures-to-support-the-economy-under-the-coronavirus-threats","status":"publish","type":"global-blog","link":"https:\/\/auren.com\/il\/global-blog\/israel-emergency-economic-measures-to-support-the-economy-under-the-coronavirus-threats\/","title":{"rendered":"\u201cIsrael emergency economic measures&#8221; to support the economy under the Coronavirus threats"},"content":{"rendered":"<p><em>Following the development of the &#8220;Corona crisis&#8221; in the health and economic spheres, this information can change every week, so you may want to keep up to date daily.<\/em><em><\/em><\/p>\n<ol type=\"1\">\n<li><strong>State guarantee loans<\/strong>:\n<ol>\n<li>Following the outbreak of the Coronavirus, a dedicated working capital financing scheme established under the State Guarantee Fund for small and medium businesses.<\/li>\n<\/ol>\n<ol>\n<li>The program is designated for businesses that have Cash Flow difficulties (suppliers, employees, inventory, etc.) and which have turnover of up to NIS 100 million.<\/li>\n<\/ol>\n<ol>\n<li>The loan amount you can get up to NIS 500,000 for businesses with an annual turnover of up to NIS 6.25 million. Or up to 8% of turnover for businesses with an annual turnover of NIS 6.25-100 million.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul>\n<li><strong>Grants from the Innovation Authority<\/strong> to support projects and activities that help deal with the crisis; three programs launched to support research and development programs to help prevent, treat, and address the challenges of the Coronavirus.\n<ul>\n<li>Funding for early-stage R&amp;D programs that can help address the challenges of the Coronavirus.<\/li>\n<\/ul>\n<ul>\n<li>Funding for the development and execution of projects that can help address the challenges of the Coronavirus.<\/li>\n<\/ul>\n<ul>\n<li>Funding for R&amp;D and Pilot Programs of Industrial Companies for Prevention, Treatment, and Coping with COVID19 Virus (&#8220;Corona&#8221;).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><strong>Grant to self-employed and small businesses<\/strong>:\n<ul>\n<li>The Ministry of Finance and the Ministry of Economy grant grants to &#8220;self-employed&#8221; and small businesses that meet the criteria.<\/li>\n<\/ul>\n<ul>\n<li>The Tax Authority is expected to set up a digital system that will allow any self-employed person to fill in their personal area information on the website, check their eligibility, and apply for the grant.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><strong>The tax authorities<\/strong> postpone payment, deadlines, and filing of reports:\n<ul>\n<li>The 2019 annual report deadlines, two months extension.<\/li>\n<\/ul>\n<ul>\n<li>The late 2018 annual reports deadlines extension.<\/li>\n<\/ul>\n<ul>\n<li>&#8220;Withholding-tax&#8221; certificates validity extension.<\/li>\n<\/ul>\n<ul>\n<li>Postpone the reporting date of businesses to the VAT authorities of the monthly and bi-monthly payment of VAT.<\/li>\n<\/ul>\n<ul>\n<li>&#8220;Tax-adjusted approvals&#8221; certificate validity extension.<\/li>\n<\/ul>\n<ul>\n<li>Extending deadlines for Annual deduction statements from wages (Form 126) and non-wages (Form 856) such as suppliers.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><strong>The Registrar of Companies<\/strong> postpone deadlines of filing reports:\n<ul>\n<li>Extending the deadline for submission of annual reporting date to the Registrar of Companies of Nonprofit and Public Benefit Companies.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li><strong>The Social Security<\/strong> <strong>Institute <\/strong>has published guidelines for unemployment benefits for employees who forced to take a leave of absence following the Corona crisis.<\/li>\n<\/ul>\n<p>Mr. Ofir Angel, Auren Israel Chairman\u00a0\u00a0\u00a0<\/p>\n<p><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the development of the &#8220;Corona crisis&#8221; 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