The cupboard has yesterday authorised a one-off cost to particular sectors of the financial system in addition to help within the cost of VAT, once more just for particular firms.
Finance Minister Constantinos Petrides mentioned that the price range quantities to three million euros in a one-off cost. The scheme is aimed to help particular classes of companies in mild of the current restrictions imposed within the financial system.
Such companies are: nightclubs and discotheques, film theatres, artwork businesses, companies that plan and organise conferences and commerce festivals, non-public theatres and different reside efficiency areas, musicians and bands, singers, dancers and different performers and leisure venues resembling these catering for weddings and baptisms.
Eligible firms will need to have been affected by the current restrictive measures and have submitted their tax returns for 2019.