Extension of COVID-19 subsidies

The Austrian Ministry of Finance has announced that certain existing COVID-19 subsidies will be extended due to ongoing Covid-related restrictions. In the following entry (last updated 7 February 2022), we provide information about the most important points:

Revenue shortfall bonus III

The revenue shortfall bonus was extended again (“RSB III”) and is available for the months November 2021, December 2021, January 2022, February 2022, and March 2022. The eligibility requirements (with the exception that compared to RSB II, the revenue shortfall only needs to comprise 30% for November or December 2021, or 40% for January, February or March 2022) and the amount of the revenue shortfall bonus are the same as for the RSB II.

The maximum amount of the subsidy has been increased from EUR 1.8m to EUR 2.3m.

Applications for the RSB III have been possible since 10 December 2021.

The corresponding guidelines were issued on 2 December 2021.

Further information on the RSB III may be found here: our article on revenue shortfall bonus III

Compensation for losses III

Applications for the compensation for losses III (“CFL III”) can be applied for the months January 2022, February 2022, and March 2022 for a revenue shortfall of min. 40%. Compensation will be provided for 70% to 90% of the losses, depending on the company size.

Applications can be submitted for a maximum of three assessment periods, which must be selected in such a way that the assessment periods are consecutive. The three forms of compensation for losses (CFL I, CFL II, CFL III) are to be considered separately.

The maximum amount of the subsidy has been increased from EUR 10m to EUR 12m.

Applications and payments are again planned to take place in two phases.

Applications can be submitted between 10 February 2022 and 30 September 2022 via FinanzOnline.

The corresponding guidelines were issued on 23 December 2021.

Further information on the CFL III may be found here: our article on compensation for losses III

Extension of the application deadline for the fixed costs subsidy 800,000 and the compensation for losses

With the ordinances announced on 22 November 2021, the application deadlines for the fixed costs subsidy of up to EUR 800,000 (“FCS 800k”) and the compensation for losses was extended from 31 December 2021 to 31 March 2022.

Further information on the FCS 800k and the CFL can be found here: article on fixed costs subsidy 800,000 und article on compensation for losses

Authors: Daniela Stastny, Alexandra Velic