Liechtenstein
Measures taken in response to coronavirus (COVID-19) pandemic
Adoption date |
Type of measure |
Beneficiaries' sector specification |
Description of measure |
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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") |
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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. |
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20/03/2020 |
Direct grants |
All sectors |
Increase of budget for promotion of economic activities |
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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 |
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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) |
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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. |
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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). |
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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 |
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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 |