Support initiatives for companies in the face of the crisis generated by COVID-19
Posted: Sun Dec 22, 2024 8:21 am
Entrepreneurs in our country have not had it easy these past few months. In addition to the consequences of the social unrest in October 2019, there are the economic effects of COVID-19, which are already visible in some businesses and which further increase the state of uncertainty we are experiencing.
In light of this, as the Simon of Cyrene Corporation, we want to keep you informed of the public and private measures that will be created to support entrepreneurship in our country.
We list them below:
Public Initiatives
Workers' income
“Covid-19” Bill for the protection of labor income: The payment of income will be guaranteed to those who, due to the emergency, must remain at home without being able to work remotely. For this, there must be a mutual agreement with the employer and there must be a mandate from the health authority. The worker will receive income from unemployment insurance, but maintaining the employment relationship, therefore, the employer will continue to pay their contributions.
Urgency to the Employment Protection Bill: Which allows for the reduction of the working day, compensating for the decrease in remuneration with resources from the Solidarity Unemployment Fund.
Covid-19 Bonus: A bonus equivalent to the Single Family Subsidy (SUF) bonus will be promoted, which will benefit 2 million people without formal work.
Solidarity Fund to address the crisis: Creation of a US$ 100 million Solidarity Fund to address social emergencies resulting from the drop in sales of local micro-businesses. Funds that will be channeled through the municipalities.
Protection of jobs and companies that create them:
Suspension of monthly provisional payments (PPM) of corporate income tax for the next 3 months.
Postponement of VAT payment for the next 3 months for all companies with sales of less than UF 350,000, enabling payment in 12 monthly installments at a real interest rate of 0%.
Postponement of income tax payments for SMEs until July 2020.
Postponement of April tax payments for companies with sales of less than 350,000 UF and for people with properties with a fiscal appraisal of less than $133 million. The fee may be paid at any time during the year at a real interest rate of 0%.
Temporary reduction of stamp duty to 0% for all credit transactions for the next 6 months.
Relief measures for the treatment of tax debts with the General Treasury of the Republic focused korea whatsapp number on SMEs and lower-income individuals: i) flexibility to enter into tax debt payment agreements with the General Treasury of the Republic, without interest or fines; ii) temporary suspension of judicial collection actions and auctions for tax debts.
All company expenses associated with dealing with the health emergency will be accepted as tax expenses.
Other liquidity measures:
Acceleration of payments to State suppliers: all invoices issued to the State and pending payment will be paid in cash at the beginning of April.
New capitalization of Banco Estado for US$ 500 million: These resources will be mainly used to provide financing to individuals and SMEs.
Open Fund:
Sercotec: Capital Abeja Emprende, which supports the launch of new businesses led by women who are not starting out in the first category and who have a business idea. It awards up to $3,500,000 and will be open until March 26. More information here .
Start-Up Chile: Through its Seed fund, it will finance projects that propose innovative and technological solutions with a special focus on containing the spread of COVID-19. It will provide up to 25 million pesos plus support in an acceleration program to grow the business. For more information and requirements, click here .
Private Initiatives
Banco Chile
The payment of the next 3 installments (April, May and June) of Mortgage Loans will be postponed for clients in the personal segment under the same interest rate conditions in effect at the time of signing. Consumer loans will be evaluated on a case-by-case basis. Contact your executive!
In light of this, as the Simon of Cyrene Corporation, we want to keep you informed of the public and private measures that will be created to support entrepreneurship in our country.
We list them below:
Public Initiatives
Workers' income
“Covid-19” Bill for the protection of labor income: The payment of income will be guaranteed to those who, due to the emergency, must remain at home without being able to work remotely. For this, there must be a mutual agreement with the employer and there must be a mandate from the health authority. The worker will receive income from unemployment insurance, but maintaining the employment relationship, therefore, the employer will continue to pay their contributions.
Urgency to the Employment Protection Bill: Which allows for the reduction of the working day, compensating for the decrease in remuneration with resources from the Solidarity Unemployment Fund.
Covid-19 Bonus: A bonus equivalent to the Single Family Subsidy (SUF) bonus will be promoted, which will benefit 2 million people without formal work.
Solidarity Fund to address the crisis: Creation of a US$ 100 million Solidarity Fund to address social emergencies resulting from the drop in sales of local micro-businesses. Funds that will be channeled through the municipalities.
Protection of jobs and companies that create them:
Suspension of monthly provisional payments (PPM) of corporate income tax for the next 3 months.
Postponement of VAT payment for the next 3 months for all companies with sales of less than UF 350,000, enabling payment in 12 monthly installments at a real interest rate of 0%.
Postponement of income tax payments for SMEs until July 2020.
Postponement of April tax payments for companies with sales of less than 350,000 UF and for people with properties with a fiscal appraisal of less than $133 million. The fee may be paid at any time during the year at a real interest rate of 0%.
Temporary reduction of stamp duty to 0% for all credit transactions for the next 6 months.
Relief measures for the treatment of tax debts with the General Treasury of the Republic focused korea whatsapp number on SMEs and lower-income individuals: i) flexibility to enter into tax debt payment agreements with the General Treasury of the Republic, without interest or fines; ii) temporary suspension of judicial collection actions and auctions for tax debts.
All company expenses associated with dealing with the health emergency will be accepted as tax expenses.
Other liquidity measures:
Acceleration of payments to State suppliers: all invoices issued to the State and pending payment will be paid in cash at the beginning of April.
New capitalization of Banco Estado for US$ 500 million: These resources will be mainly used to provide financing to individuals and SMEs.
Open Fund:
Sercotec: Capital Abeja Emprende, which supports the launch of new businesses led by women who are not starting out in the first category and who have a business idea. It awards up to $3,500,000 and will be open until March 26. More information here .
Start-Up Chile: Through its Seed fund, it will finance projects that propose innovative and technological solutions with a special focus on containing the spread of COVID-19. It will provide up to 25 million pesos plus support in an acceleration program to grow the business. For more information and requirements, click here .
Private Initiatives
Banco Chile
The payment of the next 3 installments (April, May and June) of Mortgage Loans will be postponed for clients in the personal segment under the same interest rate conditions in effect at the time of signing. Consumer loans will be evaluated on a case-by-case basis. Contact your executive!