Business

Working with employees who don’t have a required valid work permit can lead to substantial fines.

Gain insight into your financial situation What do I have ‘in cash’, what do I need to get and what do I have to pay? And when do I have to pay? Make sure you have your payment obligations under control. Because if you know what you have, what you still get and what you…

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…

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…

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…

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…

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…

If you are a director of a private limited company (Besloten Vennootschop or BV) and you own at least 5% of the shares in this limited company then you have to pay yourself a customary salary. The height of the salary depends on your situation, but in principle it is at least € 46,000 (in…

The Guarantee Entrepreneur Financing (GO) is one of the government’s measures to support entrepreneurs during the corona crisis. What is the GO scheme? The GO scheme stands for Guarantee Enterprise Financing. The scheme is for companies that have problems obtaining a loan from the bank. With the GO scheme, the government helps companies (SMEs and…

Go to our page about the financial measures around the Corona crisis The conditions of the Temporary Bridging Scheme for Independent Entrepreneurs (Tozo) have been published. The scheme is implemented by municipalities and will continue until 1 June. Self-employed people can make use of two facilities from the Tozo: income support and a loan for…

Deferral of pension premium Pension providers will compensate employers who are or have come into immediate problems as a result of the corona crisis as much as possible if they experience problems when paying the pension contributions without affecting the rights of employees. The Labor Foundation and the organizations of pension providers, the Pension Federation…

This information is provided by the Netherlands Enterprise Agency, RVO If you run a business in the Netherlands and you don’t have enough work for your staff due to exceptional circumstances, such as the Corona virus, fire, flooding or a trade boycott you can apply for a reduction of working hours (werktijdverkorting, WTV) permit. This…