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Liechtenstein

Measures taken in response to coronavirus (COVID-19) pandemic

Adoption date

Type of measure

Beneficiaries' sector specification

Description of measure

20/03/2020

Direct grants

All sectors

Strenghtening the financial backing of the Unemployment Insurance Scheme to allow for an increased number of short-term workers ("Kurzarbeit")

20/03/2020

Public guarantees

All sectors

Credit guarantee by the Government for corporate loans (for SMEs). Credits are interest free untill 30.06.2022.

20/03/2020

Direct grants

All sectors

Increase of budget for promotion of economic activities

20/03/2020

Tax deferrals

All sectors

Payment moratorium on VAT and social security as well as on financial contibutions to the Old-Age and Surviving Dependents Insurance Fund, Disability Insurance Scheme and the Private Family Equalization Fund

17/03/2020

Reporting requirements

All financial sectors

Notifications resulting from the Due Diligance Act can be submitted until 30.04.2020 (extension of deadline by one month)

26/03/2020

Other measure

All financial sectors

Non high-important on-site inspections, as well as on-site audits have been postponed or conducted online.

19/03/2020

Other measure

Banking sector

The SNB will increase the exemption threshold for banks as of April 1, 2020, which will reduce the negative interest burden on the banking system (also applicable to Liechtenstein financial institutions).

08/04/2020

Other labour market measure

Households

Applicability of the "Daily Sickness Guarantee" scheme on workers who are unable to enter the country, who are self-quarantining and workers who are particularly vulnerable und therefore unable to work

16/03/2020

Announcement or public statement

All financial sectors

ESA's guidance are being published, and resulting changes (e.g. notifications regarding reporting requirements) have been adapted accordingly