General national economic measures 

 

*small business relief or other financial support 

*unemployment relief 

*unemployment relief for freelance workers 

*loan repayment holiday 

*tax returns and or VAT returns suspended/delayed 

 

More information:  

 

-A package of fiscal measures of ISK 230 billion krona (around €1,6bn), representing 7.8 percent of GDP, was adopted.  

 

- Key measures to support households and firms include tax cuts, tax deferrals, increased unemployment benefits, one-off child allowances, support to companies whose employees have been quarantined, and state-guaranteed bridge loans to companies. 

 

-Government has committed to allowing part-time workers to claim up to 75% of unemployment benefits, to avoid job losses. The benefit package allows those who cut back to as low as 25% of their previous employment hours or salary to boost the earnings they receive from their employer with Government support up to a combined level of ISK 700,000 per month (around €4,489). The self- employed and freelancers are also eligible for this benefit. 

 

-Businesses are allowed to apply to postpone VAT payments until 2021. 

 

-A special investment initiative will be announced at a later date, it is not yet clear if culture will be included.  

 

-Interest rates have been cut. (see here

 

More information here

 

National measures specific to the music sector or to culture in general 

 

The music sector can benefit from the above-mentioned general measures.

Measures taken by local collecting society organisations 

Authors society STEF is making more regular payments  (more here).

Other music fund available 

 

None so far.

 

Support from online services 

 

None so far. For more initiatives by online services, click here.

 

Support from national radio and other media 

 

None so far. 

 

Social media campaign 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. 

IMPALA represents independent music companies and national associations in Europe. Our main site is www.impalamusic.org where you can find out more about what IMPALA does. 

Address: 70 Coudenberg - 1000 Bruxelles

Tel: +32 2 503 31 38

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