Entrepreneurs can request a tax deferment or request an extension of the deferment until 1 October at the latest. This means that the postponement will expire on 1 January 2021 for all entrepreneurs.
Reimbursement scheme and customization
Entrepreneurs are offered a payment scheme from the Dutch Tax Authorities with which they pay back a fixed amount every month until 1 January 2023.
Reduction of collection interest extended
In order to confront entrepreneurs as little as possible with extra costs, the temporary lowering of collection interest will be extended to almost zero until 31 December 2021. For example, entrepreneurs will have virtually no costs in addition to the tax debt they are paying off in the coming period.
The tax interest will go back to 4%, because this is an incentive to file a tax return on time. The corporate tax rate will be reduced to 4% until 31 December 31 2021, instead of the original 8%.
A number of other tax measures taken due to corona, such as the payment break for mortgage obligations, will also continue until 1 January 2021.
In addition, a new measure has been taken: employees retain the right to travel allowance for public transport costs for commuting which they do not get paid by the employer, even if they work at home. The condition is that the costs have remained unchanged.
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NAZALI TAX & LEGAL |