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Subject to government approval: Grants will also be transferred to businesses affected by 25%

The finance and economy ministers concluded that even business owners who suffered a 25% drop in their annual revenue turnover would be entitled to grants, including an exemption from paying property taxes until the end of the year.

In addition, it was decided on a plan to retain employees, according to which each business will receive NIS 5,000 for each employee who is not fired

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• Corona virus

Dana Yarkatzi

Wednesday, 16 September 2020, 23:33

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In the video: The restaurateurs' protest against the closure (Editing: Itai Amram)

The "Safety Net" program will provide a grant to businesses that have experienced a 25% decline in annual revenue turnover, Finance Minister Israel Katz, Economy Minister Amir Peretz and Bank of Israel Governor Amir Yaron concluded this evening (Wednesday).

The outline is conditional on government approval.

As part of the agreements, it was decided to lower the threshold for receiving the grants from a 40% reduction in the annual revenue turnover to 25%.

In addition, business owners affected by 25% will be exempt from paying property taxes by the end of 2020.

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Restaurant closed during the first closure, March (Photo: AP)

It was also decided to amend the safety net law, according to which if the unemployment rate published by Helms fell below 10%, the unemployment benefit rate also fell.

So that the unemployment benefit rate did not decrease by 10% for those who had completed the unemployment benefit qualifying period

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Katz meets with self-employed people ahead of the possibility of closure, Lahav and the presidency of the business sector were confiscated

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Independent protest in Jerusalem, Saturday (Photo: Reuven Castro)

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