Optimizing the Payroll Costs in the Circumstances of the COVID-19 Crisis

Abstract

In the present article we are discussing the possibilities available for the employers in the coronavirus pandemic circumstances when their activity is restricted and they cannot (entirely) bear the employees related costs anymore. There are other possibilities that were not included in the article, such as pay cuts for a certain period of time, as a result of an agreement between the employee and the employer. The article is useful for all employers, regardless if they are a legal or a natural person who operates through one of the forms stated by law.

Keywords

• covid-19
• employer
• employee
• technical unemployment
• indemnity
• tax relief