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Friday 10 January 2025

AIDES COVID : NEW “FIXED COSTS” SYSTEM

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On January 2, the government presented the new aid formulas to which companies in Reunion Island placed in a state of health emergency and under curfew will be eligible.. A new device, known as “fixed costs” is put in place and replaces the solidarity fund. It concerns companies in protected sectors when they lose more than 50% of their turnover and experience operating losses.. They can then claim compensation of 70% to 90% of the operating loss., depending on their size. This system may be adapted depending on the evolution of the situation and a compensation ceiling is established for groups : they will not be able to receive more than 12 million euros for the duration of the crisis. Partial activity with no remaining charges will also be accessible from 60% loss of turnover..

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