We would like to give you a summary of these relief measures:
- Companies can file a request to postpone payments of wage tax, VAT and corporate income tax.
- Companies can file a request for compensation of wage costs if the company expects a loss of turnover of at least 20%.
The maximum compensation paid by the Government is 90%. This compensation applies at a 100% loss of turnover.
The company commits herself not to dismiss her employees for economic reasons.
- The interest rate that the tax authorities charge at postponed payments is decreased from 4%/8% to 0,01%.
This is just a brief summary of the relief measures in the Netherlands.
If you would like to know more about this blog, or if you would like us to assist you, please contact us on +31 (0)344 621 222.