What will the cash flow relief include?
The reliefs will include ongoing cancellations plus providers and service providers who contract with the government, who will receive payment for their work immediately.
The directive will take effect on March 31.
In addition, a targeted move will be included to bring forward the release of refunds in VAT and income tax systems and to pay advances to supported institutions in the field of culture, amounting to approximately 25% of the amount of support.
What benefits will be provided as part of state-guaranteed loans?
Changing the threshold conditions for entering the increased route, so that it will be possible to approve loans in the increased route on the basis of a forecast regarding the decrease in the volume of activity.
In addition, the repayment period for state-guaranteed loans will be extended from 5 years to 10 years.
Furthermore, grace will be given for a period of up to an additional year (and a maximum of two years), and grace for a period of three months in state-guaranteed loans granted in the regular loan fund (2016 fund).
What new reliefs will be given as part of the simplification of bureaucratic procedures?
A 60-day extension to file an exemption dealer declaration, through March 31;
Green route for receiving individual lengths in VAT payments, income tax advances and deductions for representatives whose office has been closed or whose activities have been reduced due to the Corona epidemic;
Checking a green sign before entering stores, Photo: Dudu Greenspan
What do exporters deserve?
A special route for state-guaranteed loans for working capital or investment purposes for small and medium-sized exporters;
Maximum loan in the amount of 15% of the annual turnover for a period of 5 years, of which 6 months are grace.
Loans can be given in shekels, dollars or euros;
Reduced collateral will be provided at a rate of 10%.
In addition, short-term credit insurance will be provided (Top Up Cover): assistance to exporters and local businesses through short-term credit insurance, which provides protection against buyers' insolvency risks.
The plan is valid until the end of the current year and is carried out in collaboration with the private credit insurance companies.
Long-term credit insurance: Assistance will be given to small and medium-sized exporters in carrying out export and foreign trade transactions.
Insurance assists exporters in trying to penetrate emerging markets, which embody a higher return on transactions.
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