The Dutch cabinet has further expanded the previously extended emergency package for jobs and the economy. The measures will now continue for a month longer until 1 October 2020. The tax-free allowance (TVL) for SME entrepreneurs to be able to pay their fixed material costs has been increased to a maximum of € 50,000 (from € 20,000). The second tranche of the Corona Bridging Loan (COL), which contributes to improving the liquidity position of innovative companies (start-ups and scale-ups), has been increased to € 200 million (from € 150 million).
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NAZALI TAX & LEGAL |