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

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…

Compensation of 4,000 Euro for Entrepreneurs in Affected Sectors
Business

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)
Business

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…

Conditions for temporary emergency regulations for self-employed entrepreneurs announced
Business

Conditions for temporary emergency regulations for self-employed entrepreneurs announced

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…

Possibility to postpone the payment of pension contributions for employers
Business

Possibility to postpone the payment of pension contributions for employers

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…

Business

VAT in the Netherlands

Subject to VAT The value added tax system in the Netherlands corresponds with that currently used by all other EU-states. The following transactions are subject to VAT: the provision of goods and services by businesses within the Netherlands; intra-Community purchases of goods in the Netherlands in the course of business operations by entrepreneurs and corporations;…