Last week, the goverment announced the new emergency package for jobs and the economy. It contains the following measures. Meeting the fixed costs of SMEsEntrepreneurs who previously benefited from the TOGS scheme can receive a tax-free allowance to cover …
Credit arrangements for entrepreneurs in relation to the corona crisis
The Cabinet clarified two new (credit) arrangements in connection with the corona crisis. Small Credit Corona Guarantee Scheme (KKC)The KKC is intended for entrepreneurs with a credit application of EUR 10,000 to EUR 50,000. The loan is open to …
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Update fiscal measures corona crisis
The resolution on fiscal measures in connection with the corona crisis has been further specified and explained. Fiscal corona reserveFor corporate income tax purposes, the expected 'corona-related' loss for the financial year 2020 (hereafter: '2020') may be taken …
Extension introduction “Excessive Borrowing from one’s own Company Act”
As we indicated in our earlier mailing, the Cabinet announced the Wet excessief lenen bij de eigen vennootschap (Excessive Borrowing from one's own Company Act). Based on this Act substantial interestholders must pay Box 2 tax in so far as they borrow more than EUR …
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Update financial measures coronavirus
The Minister of Social Affairs and Employment has amended the "group schemen" in the NOW regulation. Under the group scheme, the turnover loss for the NOW application had to be calculated on the basis of the turnover of the group as a whole. As a result of the …
Deadline subsidy request for listed monuments
Untill 2018, monument owners could deduct 80% of the maintenance work costs on listed National monuments from their income tax as a personal deduction. As a result of the Tax Plan 2019, the National monument deduction has been replaced by a subsidy scheme as of January …
Update notification of inability to pay and request for postponement of payment
Notification of inability to payIn our previous mailing we reported that, in addition to a request for postponement of payment, also a separate notification of inability to pay has to be made. The Ministry of Finance has indicated that a separate notification is no …
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Compensation nett contribution for unused childcare
Parents who temporarily do not use childcare because of the corona crisis, but have paid the invoice, can be compensated for their nett contribution. The nett contribution amounts to the difference between the invoice and the childcare allowance received, for the …
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