Austria plans investment subsidy, tax breaks for Covid-19-hit firms | Malay Mail

📆 15/6/2563 4:32:00
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ZURICH, June 14 — Austria plans extra investment subsidies and tax breaks to help companies hit by the coronavirus pandemic, Economy Minister Margarete Schramboeck said today. Companies that commit to investments in the next six months could get 14 per cent of it back as a subsidy, she told...

Sunday, 14 Jun 2020 09:01 PM MYT

ZURICH, June 14 — Austria plans extra investment subsidies and tax breaks to help companies hit by the coronavirus pandemic, Economy Minister Margarete Schramboeck said today. This could comprise a basic subsidy of 7 per cent and additional support for spending on things like digitalisation, the life sciences and health care, she said, adding a 20 per cent subsidy in cash would be “ideal”.

The Oesterreich newspaper said the measures were worth €2.6 billion , on top of the aid package of up to €38 billion the government announced in May.

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