Correct as of 3 April 2020
On March 17, 2020 the government has announced additional support measures to ensure that entrepreneurs can cope with liquidity problems caused by the COVID-19 crisis. One of these measures is the option to request for special deferral of tax payments (e.g. VAT due). Upon request, the Tax and Customs Administration will automatically grant 3 months deferment of payments and will stop the recovery measures (i.e. no penalties will be imposed for not paying timely). Should the deferment of 3 months not be sufficient, it is possible to request for an extension for a longer period. The recovery interest will be temporarily reduced from 4% to 0,01% from 23 March onwards.
More information about the measures in the Netherlands are published on our website under the following link https://www.wesselman-info.nl/actueel/coronavirus-emergency-measures-jobs-and-economy.
For further information contact: