The council’s decision has been confirmed by the Finance and Economic Minister, Johnny Koanapo Rasou.
Any business that earns an annual turnover of VT200 million or less is considered a SME.
The grant will be available only to the holder of a valid business license.
Evidence of a valid business license includes either a business license that was issued or renewed in the 2019 financial year or a receipt for the business license fee that was paid between 1 January 2020 and 31 March 2020.
