The Limited Times

Now you can see non-English news...

Approved in the Knesset: Grants will be calculated according to 2019-2018 | Israel today

2021-03-18T21:40:34.793Z


| economy After businesses have received billing notices in grants, the Finance Minister's proposal has been approved. • Eligibility calculation will be determined according to the rate of decrease in turnover in one of the previous two years. Queue on the way to the Employment Bureau in Kiryat Hamishla Tel Aviv Photo:  Joshua Joseph The amount of the grants will be determined according to the high inc


After businesses have received billing notices in grants, the Finance Minister's proposal has been approved. • Eligibility calculation will be determined according to the rate of decrease in turnover in one of the previous two years.

  • Queue on the way to the Employment Bureau in Kiryat Hamishla Tel Aviv

    Photo: 

    Joshua Joseph

The amount of the grants will be determined according to the high income - this was approved last night in the Knesset plenum in the second and third readings.

This is the approval of the proposal of the Minister of Finance, Israel Katz, according to which the amount of social grants for 2021 will be determined by the year in which revenues were higher between 2018 or 2019, as it has been so far - and not by 2019 alone.

This amendment will supplement significant sums of money for many self-employed and business owners who have been notified of a cut in the amount of the grant.

It should be noted that if reports were submitted for both 2018 and 2019 - then the system will automatically calculate according to each year and select the higher option from the two years. In addition, if a self-employed or business owner submitted a report for 2018 and has not yet submitted a report. H. For 2019 - then in the first stage the grant will be paid according to 2018, and after he submits the 2019 report within the time limit set by law - if it is found that according to the 2019 report he was entitled to a higher grant, a supplement will be made.

It should be noted that this arrangement will apply to all grants to self-employed and business owners who will be eligible - every two months until June 2021. "In accordance with the directive of the Minister of Finance, the Tax Authority will act as soon as possible When the preparations are completed, "the finance ministry said in a statement.

As you may recall, Katz recently "reprimanded" the director general of the Tax Authority for saying that he had changed the outline of the grants, without prior coordination or preparation.

Finance Minister Israel Katz said: "The quick amendment I initiated is in a big way, which will allow business owners and the self-employed to receive grants according to the year in which their income was higher, as it was so far, and not according to 2019 alone. Who need our full mobilization at this time of national crisis, as we have done so far. "

55% in Khalat

Meanwhile, the employment service announced yesterday that since leaving the third quarantine in early February, 201,314 job seekers have reported a return to the work cycle.

According to Dr. Gal Zohar, director of the research and policy department of the Employment Service, the rate of return to work when leaving the third closure is similar to that recorded at the exit from the first closure. "The stop," says Dr. Zohar, "is disturbing, "Work and after Passover we are expected to increase the rate of return to work."

Data from the Employment Service show that the number of unemployment benefit claimants now stands at 560,628.

Of these, 309,985, who constitute 55.3% of all unemployment claimants, are in the IDF and have an employer at the end, while 44.7%, ie 250,643, are unemployed and will have more difficulty returning to the labor force.

Source: israelhayom

All news articles on 2021-03-18

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.