Government and institution measures in response to COVID-19.
Government and institution measures in response to COVID-19.
Return to homepage | Last updated: 28 October, 2020
The Federal Council approved in Spring 2020 several packages of measures worth approx. CHF 60 billion to mitigate the economic impact of the spread of the coronavirus.
The aim of these measures, which are aimed at different target groups, is to safeguard jobs, guarantee wages and support the self-employed. Measures have also been taken in the field of culture and sport to prevent bankruptcies and to cushion the financial consequences. Furthermore, there are provisions to delay payment of or temporarily waive late payment interest on social security contributions and various taxes.
These measures aim to avoid as far as possible cases of hardship and to provide, where necessary, targeted and rapid support to the persons and branches concerned by means of procedures that are as simple as possible from an administrative point of view.
Click here to see a comprehensive summary of jurisdictional tax measures and government reliefs in response to COVID-19.
Aid to undertakings in the form of liquidity
Extension of short-time working and simplification of procedures
Compensation for loss of earnings for self-employed persons
Earnings Loss Allowances for Employees
Additional measures relating to the Labor Act
Aid to undertakings in the form of liquidity
Culture: CHF 280 million released for immediate assistance and cancellation compensation.
Tourism and regional policy
Payment facilities
Economy
Key Measures
Sectors/Industries/Areas affected
Economy
Key Measures
Sectors/Industries/Areas affected
Payment of invoices by the Confederation
CHF 100 million for sports organizations
Legal measure regarding entities over-indebted
Measures to ease the lockdown
Main sources of information
Tax: Olivier Eichenberger – oeichenberger@kpmg.com
Restructuring: Peter Dauwalder – pdauwalder@kpmg.com
Legal: Joerg Kilchmann – jkilchmann@kpmg.com