French State implements immediate aid measures to support economy, businesses | THE DAILY HERALD

MARIGOT–Faced with the COVID-19 pandemic worldwide and present difficulties encountered by companies in this period of containment, the French government has put in place the following immediate measures to support the economy and businesses.

 * Delays will be granted for payment of social charges, fiscal instalments (Union de Recouvrement des Cotisations de Sécurité Sociale et d’Allocations Familiales (URSSAF), direct taxes, et cetera).

 * In the most difficult situations, direct tax rebates can be decided upon in the individualised review of applications.

 * Deferral of payment for rent, water, gas and electricity bills for the smallest businesses in difficulty (subject to conditions).

 * Financial aid up to 1,500 euros for the smallest companies, the self-employed and micro enterprises in the most affected sectors thanks to the solidarity fund financed by the state and the Collectivités.

 * Mobilisation of the state to the tune of 300-billion euros to guarantee lines of cash credit with banking services for businesses that may need it as a result of the epidemic.
 * Support from the state and Banque de France (credit mediation) to negotiate with banks for rescheduling of bank loan payments.

 * Maintenance of employment in companies through a simplified and reinforced short-time working scheme (chomage partiel).

 * Support for the handling of conflicts between customers or suppliers by the mediator of companies.

 * Recognition by the state and Collectivités that this crisis is a “force majeure” (major force) for public procurement. As a result for all state and local government procurement no penalties will be applied.

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Source: The Daily Herald