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Germany: Introduction of Bundesregelung Kleinbeihilfen 2020 to support local companies following the COVID-19 outbreak

Description

On 24 March 2020, the German Bundesregelung Kleinbeihilfen 2020 was introduced following the EU Commission's approval on the same day. The maximum total budget value is EUR 45 billion (approx. USD 48....

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 Mar 2020

Revocation date

31 Dec 2020

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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