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November aid for companies is coming

The November aid decided by the federal government can probably be applied for from November 27th. According to the Rhineland-Palatinate Ministry of Economic Affairs, the Council of Ministers in Mainz has now approved the corresponding agreement between the federal government and the states.

“The lockdown is an imposition for the affected companies and solo self-employed. For the second time this year, many have no way of generating their own income. Together with other countries, I have campaigned for the loss of sales to be offset as quickly and unbureaucratically as possible. We have partially succeeded in this. It is now important that the federal government starts the application process as soon as possible, ”said Minister of Economics, Dr. Volker Wissing.

Those directly and indirectly affected by the closings receive a reimbursement of 75 percent of the taxable turnover of the previous month via the November Aid.

Solo self-employed, whose entitlement is less than 5000 euros, should be eligible to apply directly. As with the bridging aid, reimbursements of over 5000 euros can only be requested from a tax advisor, auditor, sworn accountant or lawyer.

All companies (including public ones), companies, (solo) self-employed, associations and institutions that had to cease business operations in November should be eligible to apply.

According to the federal government, applications for November aid should be able to be submitted via a federal portal from November 27, 2020.

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