Details of rescue package number two revealed

20.05.2020 - 15:21
Details of rescue package number two revealed
The second COVID-19 rescue package sought to help small to medium-sized businesses
The TAKS headquarters by Tórshavn's Vágsbotnur marina

Tax authority TAKS has now processed all but one of the 35 applications for a share of the government’s second COVID-19 rescue package.

Thirty of these 34 companies say they have lost between 60 and 100 percent of their revenue as a result of the corona lockdown.

The remaining four firms have lost between 40 and 60 percent.

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The average amount paid out is DKK 54,907. The highest amount is DKK 230,250 and the lowest DKK 4,421.

Companies that lost 60-100 percent of their revenue had 75 percent of their fixed costs reimbursed, and those losing 40-60 percent received a 50-percent reimbursement of their fixed costs. The maximum monthly payout is DKK 80,000.

A total of DKK 1,866,841 has so far been paid out as part of rescue package number two.


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