CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Netherlands Allows More Time To Pay Frozen Tax Debts

Netherlands Allows More Time To Pay Frozen Tax Debts

by Ulrika Lomas, Tax-News.com, Brussels

05 October 2020


The Dutch Government has announced that businesses may further delay payment of certain tax dues that were frozen in response to the COVID-19 pandemic.

Under a scheme put in place earlier this year, businesses were able to request an automatic three-month deferral of numerous taxes (income tax, the health insurance levy, corporate tax, payroll taxes, and VAT), providing a request was made by October 1, 2020.

Originally these amounts were to be repaid starting January 1, 2021, over a 24-month period. The Government has now announced that businesses will be allowed 36 months to pay the amounts and will be required to do so only from July 1, 2021.

Interest on tax debts will remain at 0.1 percent until December 31, 2021, the Government has confirmed.

TAGS: compliance | Finance | tax | business | value added tax (VAT) | tax compliance | Netherlands | interest | insurance | corporation tax | payroll | transfer pricing | social security

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »