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Agenda

  • Introduction to the compensation scheme
  • Calculation of decrease in turnover
  • Costs covered by the scheme
  • Requirements for the application
  • How to prepare the application

Presenter

  • Ørjan Ravna Rørmoen, Manager/Attorney at Law

Background

Government compensation scheme for qualifying fixed costs

The parliament has approved a temporary compensation scheme for companies with a significant decrease of turnover to COVID-19.

The scheme is an application-based grant scheme and the funds allocated to the scheme will be compensation for loss of revenue due to COVID-19 situation. In order to qualify, the applicant must evidence a shortfall in turnover for March of at least 20 percent. For April and May it is required to evidence a shortfall of at least 30 percent. Read more.

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