Search the site

In the attachment to the application for closure compensation, the applicant must provide a list of all Finnish subsidiaries belonging to the company group. The closing period of each subsidiary must also be reported separately.

The financial activities of a non-profit association can be taken into account as the association’s turnover, if it carries out other activities.

Closure compensation cannot be granted if a group company is subject to an obstacle under Section 6 of the Act. However, on a case-by-case basis, closure compensation may be granted if, for example, a company belonging to a group that has been in financial difficulties on 31 December 2019 demonstrates that there is no longer..

The period of the interim financial statements is determined on the basis of the longest closing time ordered by the authorities of each group company, i.e. according to the start date of the earliest closure and the end of the most recent closure. For example, if the group’s parent company has had offices closed between..

Differently from the information in the interim financial statements for the closing period, the turnover data of the company or all group companies for full calendar months, such as the period 1 March to 30 April 2021, are recorded in the attachment form of the closure compensation application, if the company’s restaurant closure was valid..

Monthly assays in the accounts, such as accruals of holiday wages or depreciation of fixed assets, may be extended to the closing period on a daily basis. For example, if the company’s restaurant closure has been in force between 9 March and 18 April 2021, holiday pay periods and depreciation of fixed assets for the..

A company/group must prepare interim financial statements specifically for the closing period in order to determine the loss for the closing period within the meaning of the law. Thus, interim financial statements cannot be prepared for full calendar months.

The company/group prepares the company’s interim financial statements for the closing period. For example, if the company’s restaurant closure has been in force in Uusimaa region between 9 March and 18 April 2021, interim financial statements for the closing period 9 March to 18 April 2021 will be prepared.

The compensation is conditional on the company’s turnover falling by more than 30 % during the calendar month or months in which the company’s premises have been kept closed by law or by decision of the authority, compared to the corresponding calendar month or calendar months in 2019. Thus, if a company has been established..

No, you can’t. The closure compensation for medium-sized and large companies is applied by using a paper application form. In addition, an auditor’s report and supplementary information sheet are required as attachments. The company group must also send a list of all Finnish subsidiaries. The application is submitted to the State Treasury electronically via the..

Yes. If the group has applied for closure compensation, it can only apply for cost support as a group. Other EU subsidies granted for the same period will also be deducted from the cost support. Moreover, the EU’s EUR 10 million per group aid ceiling must not be exceeded.

The closure compensation for medium-sized and large companies covers 70 % of the losses during the closure period. However, the loss during the closing period can be no more than the sum of the wages of the company/group employees and the inflexible operating expenses for the closing time.

The maximum amount of aid is EUR 1 800 000. The granting of the aid takes account of the fact that the maximum amount of aid per group in accordance with the Decision of the European Commission is not exceeded by EUR 10 000 000.

The instructions for the auditor’s report can be found on our website.

Medium-sized companies are companies with between 50 and 250 employees and an annual turnover of between EUR 10 million and EUR 50 million or a balance sheet total of between EUR 10 million and EUR 43 million. Large companies are bigger than this.

Yes, if the company is not part of a group. If the company is part of a group, the closing compensation for medium-sized and large companies is always applied for as a group.

Companies and groups whose customer premises were ordered to close in March-April 2021 either by the Accommodation and Food Services Act or by the Communicable Diseases Act can apply for closure compensation for medium-sized and large companies. Companies employing at least 50 employees and whose turnover has fallen by more than 30% in calendar months..