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Decree 639: economic relief for small and medium-sized companies

The Formal Employment Support Program -Paef- was created, which will be in effect for the months of May, June and July 2020. Subsidy equivalent to 40% of the minimum wage.

The national government published Decree 639 of May 8, 2020, detailing the economic relief that will benefit small and medium-sized companies.

One of them is the subsidy equivalent to 40% of a minimum wage, to all workers of companies that have had a decrease of 20% in their turnover.

This subsidy, called Programa de Apoyo al Empleo Formal -Paef-, will be in force for the months of May, June and July 2020.

Among the provisions of the decree, it stands out that the beneficiaries will only be able to request, once a month, the state contribution that this program deals with.

Source: Actualícese

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