French State implements immediate aid measures to support economy, businesses

French State implements immediate aid  measures to support economy, businesses

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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