translated from Spanish: Governor of Michoacán to expand payroll tax subsidy to deal with COVID-19 crisis

Morelia, Michoacán.- The governor of Michoacán, Silvano Aureoles Conejo, announced the extension of the payroll tax subsidy to all businesses and not only to micros, small and medium-sized who had less than 50 workers on their payroll, that is to say that they were will also apply to large and macro companies.
This as a measure of support for the Michoacanos in the face of the economic crisis, the result of the COVID-19 pandemic.
It should be remembered that, last week the state representative announced this subsidy applicable only to small, micro and medium-sized enterprises with fewer than 50 workers and until May, however, this day through a message on social networks Aureoles Rabbit, announced that the period extends to July.

Businesses generate 80 percent of the jobs in Michoacán, so the government has urged the above-mentioned measure to prevent businesses from shuting down and consequently firing their workers.
The governor acknowledged that the payroll tax subsidy represents a great effort by the state, accounting for 22 per cent of annual revenue, which means more than 350 million pesos, however, the subsidy would be guaranteed to more than 26,000 Patterns.
Silvano Aureoles, called on employers not to fire any of their workers and guarantee the income of more than 155 thousand employees.
This decision, he said, is necessary to follow confinement measures and reduce the spread of coronavirus in the entity.

Original source in Spanish