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Summary of assistance following the Corona Virus in Israel

help CoronaVirus in Israel Cabinet Expert Comptable Dray & Dray

Summary of Corona Virus assistance in Israel

We've brought together all the CoronaVirus grants and subsidies in Israel in a single table.

Since the start of the CoronaVirus crisis in Israel, the Israeli government has set up a series of subsidies and aids for businesses.

In the following table, you'll find all the relevant information on grants available to companies and the self-employed. This table also takes into account future grants that will be awarded as a result of the financial support plan 2020-2021 recently voted by the Knesset.

With this summary, all companies in Israel can make a provisional and plan their future with peace of mind.

We know that subsidies and the financial plan have added a considerable amount of information, making it necessary to bring everything together in a single table.

Our aim is to explain, simplify and make information and processes accessible to companies in Israel impacted by the Corona crisis.

You can now make a forecast of the subsidies you may be eligible for in the coming months.

Aid summary table

Grant nameApplication deadlineAmount of subsidyWho is eligible?RequirementsConditions for sales decline
Maanak 11/7/20Up to 6,000 shekelsOssek mourche and Ossek Patour2018 taxable income between 24,000 and 240,000 shekels (for a couple: less than 340,000 shekels)Drop of at least 25% in sales 3-4/20 compared with 3-4/19
Maanak 217/8/20Up to 10,500 shekelsOssek mourche, Ossek Patour and shareholder in Israeli company2018 taxable income between 8,568 and 1,000,000 shekelsSales down by at least 25% 3-6/20 vs. 3-6/19
Maanak 3 (small business)17/8/20Tiered up to 3,025 shekelsOssek mourche and Ossek PatourSales in 2019 between 18,000 and 300,000 shekelsDrop of at least 25% in sales 3-4/20 compared with 3-4/19
Maanak 3 (large company)15/9/20Up to 400,000 shekelsOssek Mourche, Ossek Patour, Hevrot Baam, ShoutfoutOssek Mourche with sales between 300,000 and 20 million shekels. Hevrot and Shoutfout with sales between 18,000 and 20 million shekels.Drop of at least 25% in sales 3-4/20 compared with 3-4/19
- From 01/11/2020 for new applications - Possibility of changing your declaration until 17/8/20Drop of at least 25% in sales between 3-6/20 and 3-6/19. (Unless a drop of more than 60% between 3-4/20 and 3-4/19).
Maanak for employersNo later than 60 days from the end of the month for which the subsidy is requestedUp to 7,500 shekels per employeeEmployersBring employees back from unemployment and unpaid leave (see conditions)No reduction in sales conditions
Financial support plan 2020-2021
Maanak 2 BisAutomatic for those who have received the Maanak 2Up to 7,500 shekelsOssek mourche, Ossek Patour and shareholderSame amount as maanak 2 with a limit of 7,500 shekels
Maanak BimonthlyFrom 25/8/20 for the 1st request, then on the 15th of the month following the period for which the subsidy is requested.Up to 15,000 shekels, paid every 2 months, i.e. 7,500 shekels / month.Taxable income in 2018 or 2019 between 8,568 and 651,600 shekelsDecrease of at least 40% compared with the same period last year
Subsidy for reimbursement of fixed costs
Maanak for companies opening in 01-02/2020Not yet published3.000 shekelsOsek PaturBusinesses opened in 1-2/2020 with sales of over 18,000 shekels in 2020 and a minimum of 1,500 shekels in 1-2/2020.Decrease during subsidy period compared to 1-2/2020
4.000 shekelsOssek Mourche
Maanak for companies with sales of less than 300,000 Nis/year27/10/20203.000 shekelsOssek Mourche, Ossek Patour, Hevrot Baam, ShoutfoutSales between 18,000 and 100,000 shekelsDecrease of at least 40% compared with the same period last year
4.000 shekelsSales between 100,000 and 200,000 shekels
6.000 shekelsSales between 200,000 and 300,000 shekels
Maanak for companies with sales over 300,000 Nis/yearNot yet publishedBetween 6,000 and 500,000 shekelsSales between 300,000 and 100 million shekelsDecrease of at least 40% compared with the same period last year
Sales between 100 million and 200 million shekelsDecrease of at least 60% compared with the same period last year
Sales between 200 million and 400 million shekelsDecrease of at least 80% compared with the same period last year
Withdraw funds from your Keren Ichtalmout
Withdraw your Keren Ichtalmout tax-free09/02/2021Up to 7,500 shekels per month.Unemployed or on unpaid leave or spouse of an Ossek mourche or Ossek PatourUnemployed or on unpaid leave from 1/3/20 to date of application.Monthly taxable income up to the end of the month preceding the application is lower than the monthly income for the same period in the previous year.

Following numerous questions, we would like to inform you that if you receive a subsidy in error, the government will ask you to repay it.

So take advice and check if you are eligible before you apply.

A reminder:

  1. The request must be made on your personal space.
  2. The link to connect to your personal space, in click here.
  3. The link to our video explaining how to register for your personal space, in click here

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English speaking accountants in Israel
Address: Kanfei Nesharim 68. Merkaz Oranim
Phone number: 02 631 9000
Fax: 02 631 9005
Email: office@cpa-dray.com