Approved: Czech Government to Double Compensation for Entrepreneurs

daily compensation 1000 CZK

An amendment will be signed by President Miloš Zeman that will grant financial aid in the form of a bonus bill for small business owners and their associates 1000 CZK per day, while employees will be given 500 CZK per day.

Moreover, those whose sales have decreased by at least 50% will receive support as well. On that note, applicants must present Czech health insurance to receive it.

This bonus is not linked to the state of emergency and will be paid for the months of February and March.

The government will also be mandated by law to introduce additional bonus periods corresponding to one additional calendar month at the most by the end of the year 2021.

The new bonus bill will technically be a refundable tax on income from dependent activities.

Czech’s Ministry of Finance Alena Schillerová estimates that the impact of this new bonus bill on public finances will be 19.4 billion CZK in the months of February and March, of which 18 billion CZK will be on the state budget, 1.1 billion CZK on municipal budgets and 0.4 billion CZK on regional budgets.

“Of course they will have to prove that their income has been harmed, and they can’t receive it twice. Those who have already received compensation will have to deduct that,” said Prime Minister Andrej Babiš (ANO).

Applicants must also have Czech health insurance.

The Senate also wants people in quarantine to receive a wage compensation allowance for up to two weeks. The bonus can amount to up to 370 CZK a day.

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