The Dutch government has announced measures to combat the corona virus. Public health is the most important, but at the same time we also realize that all these measures have major consequences for entrepreneurs and businesses.
To support companies and entrepreneurs there are different financial and fiscal support measures designed by the Dutch government. In short there are the following support measures:
- corona support measures for specific sectors affected by the corona virus crisis (TOGS);
- support for self-employed entrepreneurs that have no or very little income due to the corona virus crisis (TOZO):
- special deferment for tax payments;
- compensation up to 90% of payroll costs (NOW);
- expansion of government-guaranteed scheme for loans to SME’s;
- expansion of corporate finance guarantee scheme;
- expansion of government guaranteed scheme for loans to agricultural business;
- expansion of export credit insurance guarantee given by the government;
Next to these government measures, most Dutch banks also offer six months deferment for repayments on loans to SME’s. More information about the specific conditions can be obtained with your bank.
23 june - Second Emergency measures regarding Granting for Bridging Employment (in Dutch: NOW 2.0)
19 june - Social security impact of COVID-19 on cross-border employees
19 june - Tax agreement with Germany and Belgium on frontier workers
19 june - COVID-19 Tax provision
9 june - Extension of the wage compensation scheme, NOW 2.0
9 june - Extension for deferment of payments
28 april - New corona measures
14 april - Deferment of tax payments
14 april - Income problems? New rules on temporary support for the self-employed
14 april - Applications for corona support measure opened
7 april - Now is the time for NOW!
2 april - The impact of the coronavirus on cross-border work
23 march - Employers in severe weather due to coronavirus?
23 march - Suspension of contractual obligations as a result of the coronacrisis
23 march - Suspension of repayments of bank loans
19 march - The coronavirus and your company: tax measures
Second Emergency measures regarding Granting for Bridging Employment (in Dutch: NOW 2.0) - 23 june
Because the Corona crisis continues due to extended health risk measures, compensation from the government is also extended. A new scheme will follow the first scheme.
Social security impact of COVID-19 on cross-border employees - 19 june
The social security liability within the EU is regulated in EU Directive 883/2004. This Directive applies to all nationals of the EU to whom the legislation applies or has been applicable. The EU Directive 883/2004 has exclusive effect, as a result, the applicability of the legislation of one Member State excludes the applicability of other Member State(s).
Tax agreement with Germany and Belgium on frontier workers - 19 june
Belgium, Germany and the Netherlands have reached an agreement on the tax treatment of employees (frontier workers) who work at home.
COVID-19 Tax provision - 19 june
Under certain conditions, it is possible to create a tax provision in the 2019 corporate income tax return for the expected COVID-19 related loss in tax year 2020.
Extension of the wage compensation scheme, NOW 2.0 - 9 june
If your company has suffered a drop in turnover, you can obtain a contribution towards your payroll costs. This NOW scheme reimburses up to 90% of the payroll costs of companies whose turnover drops by at least 20%. The maximum compensation of 90% applies if a company loses all of its turnover. If the drop in turnover is smaller, the compensation is reduced proportionately. This means that if your company sees its turnover fall by 50%, you can receive compensation for 45% of its payroll costs.
Extension for deferment of payments - 9 june
One of the first measures from the Dutch government to help companies in the corona crisis was the deferment of tax payments. The possibility for the deferment has now been extended.
New corona measures - 28 april
Last week the Dutch government announced a few new financial and tax measures. In this article we will give a short explanation of these measures.
Income problems? New rules on temporary support for the self-employed - 14 april
If you are self-employed you can obtain additional income support via an accelerated procedure to help cover their living costs/working capital for a period of three months, from 1 March to 31 May 2020. The support is available only to self-employed persons – including directors/major shareholders – who have no or very little income as a result of the coronavirus crisis.
Applications for corona support measure opened - 14 april
When your company has been particularly affected by the coronavirus crisis, you can now apply for a net contribution of 4,000 euro towards your costs. This is possible under the Contribution for Entrepreneurs in Sectors Affected by COVID-19 scheme (Tegemoetkoming Ondernemers Getroffen Sectoren COVID-19 (TOGS)), previously known as the Emergency Service Point (Noodloket). You can submit you application until 5 p.m. on 26 June 2020. The contribution takes the form of a grant. To prevent abuse of the scheme, applications will be subject to checks.
Now is the time for NOW! - 7 april
On 31 March, the government provided more clarity on the conditions and rules of the Temporary Emergency Measure Transition for Employment Continuation (Tijdelijke Noodmaatregel Overbrugging voor Werkbehoud: NOW). This arrangement offers compensation for your payroll costs in the event of loss of sales (or other exceptional circumstances). The UWV strives to start accepting such applications for a NOW compensation from 6 April onwards. Because you will have to make choices and weigh your options, it is wise to be well prepared.
The impact of the coronavirus on cross-border work - 2 april
Do you as employer have employees who cross the border to work and who are forced to work at home because of the coronavirus crisis? This may have fiscal consequences. What should you take into account? Read this article to find out.
Employers in severe weather due to coronavirus? - 23 march
The Netherlands is disrupted now that the corona virus is also present here. On the one hand, all kinds of individual circumstances immediately arise between employers and employees. On the other hand, the government takes measures that require entire sectors of employers to completely or almost completely cease their activities. This also means that in principle personnel can no longer be deployed, but are still entitled to salary. In this column we provide information about the most common situations. We will do this below on the basis of statements or questions.
Suspension of contractual obligations as a result of the coronacrisis - 23 march
As is the case for nearly all countries in the world, the Netherlands faces a crisis that is the result of measures put into place to contain the coronavirus. Many companies closed their doors or are working at a much lower capacity. In the Netherlands, too, the government announced extensive measures to ensure that the coronavirus can be contained. The result will be that many contractual obligations cannot be met in time. What are the legal consequences?
Suspension of repayment of bank loans - 23 march
Enterprises with a bank financing of up to € 2.5 million may be granted a suspension of repayments of loans for a period of six months. The measures taken by the ECB, DNB and the government seem to have a significant impact.
The coronavirus and your company: tax measures - 19 march
The Dutch tax authorities offers companies several options to help them cope with the effects of the Coronavirus, for instance the special payment extension, reduction of provisional tax assessments, unemployment benefit and a guarantee for SME loans (BMKB).