General national economic measures
*small business relief or other financial support
*interest free crisis loans
*income support for employees
*income support for freelance workers
* loan repayment holiday
*mortgage payment holiday
*tax returns and or VAT returns suspended/delayed
-The value of the national stimulus package is the third highest of all EU member countries in terms of GDP (just behind Germany and Italy). The Government announced a direct aid of €3.6b and an indirect aid package of €32.7b to businesses in the form of guarantees, with a focus on SMEs and independents.
-Moratorium on the repayment of loans and mortgages signed before 26 March 2020.
-Income tax deferrals may also be possible on a case-by-case basis till July 1 and some employer tax and social contribution deadlines have been extended by four months. Losses incurred in 2020 can be carried back for two years (previously no loss carrybacks). Businesses can also apply to cancel income tax prepayments, defer payments (for VAT or income tax), and extend the deadline for filing corporate income tax returns.
-There is also support for companies who have to close their operations. Companies who were forced to close their premises due to government orders will be entitled to postpone their rents.
-The government pays part of the salaries of employees who are kept at home instead of laid-off. Government support includes compensation of payments to employees in quarantine, payments to employees of businesses subject to the mandatory closure, support for reduced working hours and support payable to employees taking care of children during school closure.
-All self-employed, who have income only from their business, will be given a six-month holiday in the payment of health and social insurance. There is also a compensation bonus to support self-employed persons with the amount of CZK 25,000 (around 923€) when a number of conditions are met.
a) it is a self-employed person according to the pension insurance law,
b) the activity performed is the principal activity (under clearly defined conditions it may also be an ancillary activity),
c) the decrease in gross sales during the period from January to March 2020 was at least 10% compared to the period from January to March 2019 (if a business was set up after January 2019, the comparison counts for the first 3 months period after setting up the business),
d) the entity achieved at least CZK 180,000 (6,650€) of gross income in 2019 or at least CZK 15,000/month (around €550) in case the business was set up after January 2019.
National measures specific to the music sector or to culture in general
Talks are currently taking place between the industry and the government.
The music sector is calling for VAT reduction, direct income support, guarantees, loans.
Measures taken by local collecting society organisations
-The neighbouring rights society INTERGRAM is unable to give advances for the time being. Beneficiaries are pushing for the distribution to be brought forward from the usual September/October to July/August. INTEGRAM created a crisis fund (about 80.000 EUR in total, only available for performers, not producers): here.
- The copyright society OSA distributed extraordinary support for specific composers and enabled the deferral of payments.
Other music funds available
None so far.
Support from online services
No specific support for Czech Republic so far. For more initiatives by online services, click here.
Support from national radio and other media
Czech music companies are working on launching a "Support local artists" campaign to push local radio stations to play more Czech music.
Social media and other campaigns to promote music during the crisis
None so far.
Local programmes supported by EU funds covering music
None so far.
Business and other expected losses
Still under evaluation.
For more info:
Platforma - Czech Association of Independents