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COVID-19 PORTUGAL
Measures taken following the coronavirus threats Some of the main measures adopted by Portugal for companies and families following the COVID 19 pandemic are:
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Support equivalent to 1 x RMMG (€ 635), for employers who have benefited from one of the above measures (i.e., simplified lay-off or extraordinary training support), granted by IEFP.
Companies Support measures for job protection These measures can be applied to companies in a situation of demonstrated business crisis due to the total or partial closing of the company or an abrupt and sharp drop in turnover. •
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Temporary exemption from the payment of Social Security contributions Employers who benefit from the measures listed above are exempt from paying social security contributions in the part referring to the employer (23.75%), with employees’ contributions (11%) continuing to be due.
Simplified lay-off Support for the maintenance of employment contracts, in case of temporary reduction of the normal working period or suspension of the employment contract. In the case of lay-off the employee will receive a retributive compensation in the amount equal to 2/3 of the employee’s gross remuneration. 70% of the compensation is provided by Social Security and 30% by the employer;
Extraordinary financial incentive to support the normalization of the company’s activity
Facilitation of Tax and Social Security payments •
Extension of deadlines for payment of taxes and social security payments -
The first special on account payment is extended from 31 March to 30 June 2020;
Establishment of an extraordinary training plan
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Support for the implementation of a training plan to be attributed to each employee, paid by the Professional Training Institute (IEFP) and variable, up to a limit of 50% of gross remuneration, depending on the number of training hours attended by employees;
The filing of the Corporate Income Tax Return and the payment of the Corporate Income Tax due is extended from 31 May to 31 July 2020;
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The first corporate on account payment is extended from 31 July to 31 August 2020
