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.
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