Employers may continue to pay the fixed travel allowances without tax. This has been decided by State Secretary Vijlbrief of Finance. In addition, the Tax authorities are temporarily more flexible in applying the anonymous rate in the wage tax.
Working with employees who don’t have a required valid work permit can lead to substantial fines.
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…
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…
Updated 3 April 2020 The Dutch Tax Authorities are taking measures to mitigate the consequences of the corona crisis for entrepreneurs. Are you an entrepreneur or freelancer and do you have payment problems due to the corona crisis? Then you can ask the Tax Authorities for special extension of payment of outstanding tax assessments. You…
In Dutch: Tijdelijke Noodmaatregel Overbrugging voor Werkgelegenheid (NOW) Go to our page about the financial measures around the Corona crisis Companies that suffer loss of turnover due to the corona crisis can be reimbursed up to 90% of their wage costs by NOW as from 1 March. This scheme is all about the people. That…
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…
Your business is liquid if you can meet all payment obligations in the short term. But the developments surrounding the coronavirus affect your bank account. You see your income falling, but the bills, interest and taxes still have to be paid. Right? With these 6 tips, you can keep your payment obligations under control. Make…
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…
Collection and tax interest are reduced to 0.01% for a period of 3 months.
What tax measures does the government take for entrepreneurs? It is possible to apply for special deferral of payment for tax debts . After the request has been received, the Tax Authorities will stop the recovery measures. Individual assessment of the request will take place later. The usual deferral requirements remain. However, a “third expert” statement does not have to…
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…
If an employee has to work from home – for example because of the coronavirus – the employer can set up that home workplace tax free if certain criteria are met. For the workplace at home, reimbursement, benefits or provision within the so called work-related costs scheme (WKR) are subject to a specific exemption for…
As of July 1, 2020, the European Mandatory Disclosure Rules (MDR) / DAC6 directive applies. As a result of the Dutch implementation of this directive, intermediaries and / or taxpayers must report potentially aggressive international tax arrangements to the tax authorities. These are tax constructions involving residents of different countries and may be used to…
On 12 March 2020, the Cabinet informed the House of Representatives that it will take a number of measures to mitigate the negative economic consequences of the corona virus for companies. 1. Reduction of working hours Companies that are affected by the coronavirus outbreak and meet a number of conditions may be eligible for the…
Tax on wages and salaries Tax payable by Persons resident in the Netherlands receiving a wage or salary from an employer established in the Netherlands for work they are doing or have done. Persons resident abroad receiving a wage or salary from an employer established in the Netherlands for work they are doing or have done in…
Posting employees to the Netherlands? Step by step guide What needs to be done when employees are sent to the Netherlands? 1. Check whether your employees meet the conditions for residence in the Netherlands Your employees may need a residence permit or a visa to reside in the Netherlands. They must register with the local…
BSN: Citizen Service Number – your Dutch tax identification number What is a BSN? The citizen service number – in Dutch written as Burgerservicenummer or BSN – is a unique personal ID number of every citizen who is registered in the population register (Municipal Personal Records Database) at the municipal authorities. The citizen service number…