Currently implemented (please also note the below mentioned support for small and medium sized companies to be executed in coming weeks):
Companies can apply for financial support from Finnfund for instance due to difficulties in the subcontracting chain: https://www.businessfinland.fi/hairiotilannerahoitus
Finnvera has announced that it will provide flexible guarantees for bank loans and in addition Finnvera will extend the payment times of their own loans: https://www.finnvera.fi/kasvu/ajankohtaista-yrityksille/ajankohtaista-yrityksille
Finnvera Fast Track Guarantee for working capital loans between 150keur – 1Meur:
Companies and individuals can apply more payment time for the taxes from the Tax authority. For the taxes that are on the payment arrangement the rate of penal interest is proposed to be lowered from 7 % to 4 %.
Extra time for submitting income tax declaration can be applied.
Tax administration refrains from imposing penalty for late VAT-declaration.
Reliefs for qualifications of personal loan arrangement implemented.
Attorney-at-law / Partner, Co-Head Dispute Resolution
Commercial, Corporate and M&A, Data Protection, Dispute Resolution, Employment, Energy, Intellectual Property, International Arbitration, Life sciences, Media, Sports and Entertainment, Public procurement, Real estate, TechnologySend me an email +358 46 814 1441
Attorney-at-law / Managing Partner Finland / Chairman of Magnusson International
Commercial, Capital Markets, China group, Corporate and M&A, Data Protection, Employment, Insurance and financial services, Intellectual Property, Life sciences, Media, Sports and Entertainment, Real estate, Restructuring and Insolvency, Retail and consumers, TechnologySend me an email +358 40 560 6101
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