The Flemish Region compensation premium is now available

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This one-off premium of EUR 3,000 is intended for companies that were not obliged to close down, but suffered a loss of turnover of at least 60% as a result of the corona measures taken.  The first payments will be made this week.

 

These are companies in the events sector, for example, which also employ many freelancers, but also rental companies or caterers, or medical and paramedical professions such as physiotherapists and speech therapists. It also applies to shops providing essential services, such as praline shops or wine merchants, whose customer numbers have dropped dramatically, and therefore have a much lower turnover, and painters or plumbers who are only allowed to carry out urgent repairs.

 

What form does the compensation premium take?

  • It is a one-off compensation premium of € 3,000
  • The decrease in turnover is at least 60% in the period between 14 March 2020 and 30 April 2020, compared to the same period last year (or another comparable period)
  • The decrease in turnover is the result of the corona measures
  • For start-ups, this fall in turnover must be at least 60% compared to their financial plan

For self-employed persons as a secondary occupation, the amount of the premium depends on their professional income. As a self-employed person with a professional income of more than 13,993.78 euros, you can claim a premium of 3,000 euros.  If you have an income between 6,996.89 euros and 13,993.78 euros, you can claim a premium of 1,500 euros. The premium of 1,500 euros is also open to the same group of self-employed people in a secondary occupation who have been obliged to stop work altogether.

 

The premium can now be requested at https://www.vlaio.be/nl/subsidies-financiering/corona-compensatiepremie. The application must be submitted online by 30 June 2020 at the latest. 

 

Details on how to apply for this premium can be found here: https://www.vlaio.be/nl/subsidies-financiering/corona-compensatiepremie/hoe-vraag-je-de-corona-compensatiepremie-aan  

 

Compensation premium for the Walloon and Brussels Regions

The Wallonian equivalent of the compensation premium cannot be requested for the time being. We are also closely monitoring the situation in Brussels and will provide you with the necessary updates.

 

If you need help or advice in order to benefit from one of the above measures, we will gladly assist you.  You can contact us by phone at 051 26 82 68  or by sending an e-mail to info@titeca.be.