The Stabilisation Fund for the fight against coronavirus was for the period of quarantine in Ukraine and 30 days after it.

The Fund provides the following financial allocations for SMEs:

• Payment of partial unemployment benefits to employees of SMEs. Support for payments to employees will be provided in case of persistent employment. The size of the payment is up to 1 minimum wage. The compensation will be provided through the State Employment Centers. For details on how SME can apply for the compensation visit website.
  Upd. 21 May. Unemployment benefits are exempt from taxation. Period when entrepreneurs can apply for getting unemployment benefits was increased from 30 to 90 days after quarantine. Read more
• Some groups of individual entrepreneurs, who have children up to 10 years old, will get a minimum subsistence allowance during the quarantine period and one month after. Payments will be provided for each child under 10 years of age in the amount of the subsistence minimum (for children under 6 years - 1779 UAH=57.7 EUR; for children aged 6 to 10 years - 2218 UAH = 71.9EUR). Costs for implementing this measure (1,6 bln UAH=51.9 mln EUR) will be covered by the Stabilisation Fund, it means that they should not be included in the total volume of support. On-line application on Diia portal.

• No penalties will be applied to tax law violations that are committed between 1 March and till the end of month when quarantine will be cancelled, although this exemption will not apply to VAT or excise tax and rent.
• Requirement to pay tax on commercial real estate and land was suspended (1 March - till the end of quarantine but no less than 30 June). Information on inspections is available) on website.
• Tax inspections of companies were suspended (18 March - 31 May 2020)
• The deadline for filing annual income declarations has been extended for two months, until 1 July, 2020, with the tax now payable by 1 October, 2020
• During 2020 payers of income tax can consider costs for transferring medicines, medical goods and equipment to health care institutions as a contribution to the fight against COVID-19 without restriction
• VAT exemption for import and/or supplying of medicines, medical goods and equipment used to fight COVID19 consequences (list of medicines, goods and equipment defined by Cabinet of Ministers of Ukraine) till last day of quarantine
• Changes on the payment of Social Security Contribution were adopted:
  • Individual entrepreneurs who also is employee are exempt from the payment of SSC
  • Individual entrepreneurs who also pensioners are exempt from the payment of SSC
  • Individual entrepreneurs who did not receive incomes from entrepreneurial activities in the certain period are exempt from the payment of SSC for this period
• They will come into force on 1 January 2021
  • State regulation of prices was introduced since May 18 for certain goods

• COVID-19 quarantine was defined as a force-majeure for legal contracts
• Businesses are enabled to adopt more flexible working hours
• Citizens are allowed not to pay rent if they cannot use their property due to quarantine