E-commerce and services in the EU: see what changes for VAT from 1 July 2021
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E-commerce and services in the EU: see what changes for VAT from 1 July 2021

Do you supply goods in the EU to customers who do not declare VAT? If so, as of July 1, 2021, you must usually declare that VAT in the EU country where you deliver. For these supplies, you can start using the so-called one-stop shop system. Also if you deliver services in the EU.

Tax-free continuation of the fixed (travel) expense allowance for working from home during the corona crisis expires in 2021

Tax-free continuation of the fixed (travel) expense allowance for working from home during the corona crisis expires in 2021

Many employees receive a fixed (travel) expense allowance from their employer every month. As a result of the current Corona measures, employees have to work from home as much as possible, which could have consequences for this reimbursement. Temporary approval: costs can remain untaxed To prevent this from happening, Secretary of State Vijlbrief of Finance…

Can an employer ask employees to accept a wage sacrifice due to the corona crisis?

Can an employer ask employees to accept a wage sacrifice due to the corona crisis?

Unilateral changes to wages of employees are subject to very strict rules A company which faces setbacks and gets into financial trouble will look for measures that can make the company financially healthy again. A wage sacrifice by employees can be such a measure. However, if employees do not wish to participate in this, a…

Compensation of 4,000 Euro for Entrepreneurs in Affected Sectors

Compensation of 4,000 Euro for Entrepreneurs in Affected Sectors

Source: Rijksoverheid.nl and kvk.nl The Entrepreneur Affected Sectors Allowance COVID-19 (TOGS) is 1 of the 9 emergency measures of the cabinet to support entrepreneurs during the corona crisis. The TOGS is for entrepreneurs who are directly damaged by various government measures to contain the COVID-19 virus. Duped entrepreneurs receive a one-off payment of € 4,000…

Expansion of the SME Loan Guarantee (BMKB)

Expansion of the SME Loan Guarantee (BMKB)

In order to help SME entrepreneurs affected by the corona crisis, the rules for the SME Credit Guarantee Scheme (Borgstelling MKB-kredieten, BMKB) have been relaxed. This adjusted regulation is called the BMKB-C. The measure allows businesses to borrow money from the bank under more favourable conditions, for example in order to be able to continue…

Banks grant entrepreneurs deferment of interest and loan repayments

Banks grant entrepreneurs deferment of interest and loan repayments

Several banks have announced to spare smaller entrepreneurs Smaller businesses that are fundamentally sound will be granted a maximum six-month grace period on their current loans of up to EUR 2.5 million. These are customers of ABN AMRO, ING, Rabobank, Volksbank and Triodos Bank.This measure is intended to give smaller enterprises some air and is…

More flexibility for the Labour Market in Balance Act / premium differentiation Unemployment Benefit (WW)

More flexibility for the Labour Market in Balance Act / premium differentiation Unemployment Benefit (WW)

Two extensions apply here: 1) Since 1 January, employers pay a low WW (unemployment benefit) premium for permanent contracts and a high WW premium for flexible contracts as a result of the Labour Market in Balance Act (Wab). On 9 December 2019, the Minister of SZW announced that employers will have until 1 April 2020…

UWV opens NOW counter on Monday 6 April, 9.00 a.m.

UWV opens NOW counter on Monday 6 April, 9.00 a.m.

Employers who wish to qualify for the temporary Emergency Measure Bridging Employment (NOW) can submit an application to the UWV from Monday 6 April at 9.00 a.m. onwards. The UWV expects tens of thousands of applications per day. Maintaining employment in difficult times The NOW scheme is intended to retain as many jobs as possible…