Q&A regarding tax relief measures due to coronavirus
Update 5 June - The Dutch government has recently outlined its crisis measures to support businesses active in the Netherlands during the coronavirus outbreak.
Some important tax relief measures in this regard are:
a. special deferral of payment;
b. revision of provisional personal income tax and corporate income tax assessments;
c. temporary reduction of collection interest and tax interest from 4% and 8% respectively to 0.01%.
In this publication, we first outline the main rules on tax interest and collection interest. Next, we address several points of attention in a Q&A regarding (i) special deferral of payment, (ii) notification of payment inability, and (iii) revision of provisional tax assessments. Please note that the Q&A is based on current rules, taking into account the more lenient rules that the Dutch government has announced and which the Dutch Tax Administration has published on their website. The lenient rules are only meant for businesses that are facing financial difficulties caused by the Coronavirus. Policy of the Dutch Tax Administration regularly changes. We therefore recommend closely monitoring the situation.
Thies Sanders
Partner Attorney at law - tax adviserThies Sanders, attorney at law, is a partner in Loyens & Loeff’s Corporate Tax Services practice and a member of the Tax Litigation Team and the Corporate Investigations Team.
T: +31 20 578 55 58 E: thies.sanders@loyensloeff.com
Tjebbe Gerverdinck
Associate Tax adviserTjebbe, tax adviser, works in the Tax Litigation Team.
T: +31 20 578 50 53 M: +31 6 22 39 71 42 E: tjebbe.gerverdinck@loyensloeff.com
