Financial aid resources
At this challenging time, governments and official bodies are announcing different measures to help businesses survive the COVID-19 pandemic. WYSE Travel Confederation is here to help and support its members with advice and guidance, and has been collating resources explaining the measures being put in place according to country. If your country does not feature on the below list and you have information regarding any financial aid packages being offered, please email us at firstname.lastname@example.org and we will include it on this page.
Governments are focusing on a mixture of tax moratoriums, payment extensions on social charges, loan guarantees and wage subsidies for workers who cannot work or who are obliged to move to part-time roles.
The European Commission plans to mobilise EUR 37 billion under its regional funding programs to combat the impact of the pandemic. It has also said that EU countries will be granted “full flexibility” in their fiscal rules to allow them to boost expenditure.
In general, the financial rescue packages proposed by governments are targeting businesses and people unable to earn income, and include:
- State loans or credit guarantees for companies
- Income subsidies for affected workers
- Tax deferrals
- Social security deferrals or subsidies
- Debt repayment holidays
- Working time reduction schemes
Government of Italy: Council of Ministers press release
National Social Security Institute – Information relating to emergency support measures
National Social Security Institute – Guide to filling in the Epidemiological Emergency Indemnity form for self-employed
The National Treasury is yet to announce whether the government will support affected businesses and households.
South African Revenue Service (SARS): The impact on COVID-19 on SARS
Department of Health South African Resource Portal
United States government: Financial assistance after a disaster
U.S Chamber of Commerce: Coronavirus Support Package
U.S Small Business Administration: Small business guidance & loan resources
We will continue updating this page with new developments.
As much as possible, we provide a link to the resource on the respective website. Although we do our best to keep the information updated, we cannot guarantee that the information is the latest. Please check with your country’s authorities for the most up-to-date information.