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Act No. 8 on subsidies to restaurant operators who have been subject to restrictions during opening hours.

Country/Territory
Iceland
Document type
Legislation
Date
2022
Source
FAO, FAOLEX
Subject
Food & nutrition, General
Keyword
Vending Subsidy/incentive Procedural matters
Geographical area
Arctic, Atlantic Ocean Islands, Europe, Europe and Central Asia, North Atlantic, North-East Atlantic, Northern Europe
Abstract

The purpose of this Act is to enable operators who have experienced a significant drop in revenue due to restrictions on restaurant opening hours caused by the coronavirus, to be able to maintain necessary minimum activities, maintain business relationships, and ensure preparedness when necessary. The Act introduces a subsidy for operators that fulfil the criteria laid down in the Act. The amount of the grant shall be 90% of the operating costs of the operator of a restaurant or restaurants that were subject to a restriction, subject to the rules and exceptions laid down in this Act. Operations should have started before 1 December 2021.

Full text
Icelandic
Website
www.althingi.is