Self-employed and employees with control of companies whose turnover in September-October 2020 was affected by the COVID-19 outbreak by at least 40% compared to the same period in 2019, may submit applications from today for assistance to the self-employed for this period, as part of the implementation of the 'Economic Safety Net' program.
The amount of the bi-monthly assistance grant is up to NIS 15,000 for each eligibility period and constitutes 70% of the average taxable income per month, in 2018 or 2019, whichever is higher, times 2. The grant can be applied for by self-employed individuals and controlling employees who in the relevant year (2018 or 2019) did not exceed NIS 651,600 and the total average monthly taxable income from a business in the relevant year (2018 or 2019) exceeds NIS 714.
Application for the grant can be submitted from today (November 1, 2020) until February 15, 2020. To submit the applications and additional details about the grant and eligibility conditions, one may visit the Tax Authority website (Hebrew).