Q&A Temporary Emergency Scheme For Job Retention (NOW) – CUR

IN THE NEWS - April 21, 2020

This week the Temporary Emergency Scheme For Job Retention (the “NOW-scheme”) entered into effect. In this Q&A we will broadly provide answers to the most frequently asked questions with regards to the NOW-scheme. It is noted that, in addition to the basic conditions, the NOW-scheme contains specific financial and tax requirements. For the sake of clarity, we will not discuss these aspects in detail. Should you have any further questions that are not discussed in this Q&A, please contact one of our employment law attorneys or one of our tax advisors.