Corona-crisis | Update Corona newsletter

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Corona-crisis: additional new measures for entrepreneurs

The government has taken additional measures to support entrepreneurs during the corona-crisis. For example, directors/major shareholders can reduce their customary salary further, the fixed budget under the work-related expenses scheme has been increased and the Contribution for Entrepreneurs in Sectors Affected by COVID-19 scheme (TOGS), which offers support of € 4,000, has been relaxed, as has the hour criterion for purposes of the self-employed person’s allowance. In addition, companies have been given the option of already forming a ‘coronavirus reserve’ and the introduction of the ‘DGA’ (director/major shareholder) tax has been postponed. In this newsletter we also cover a number of other points that may be of interest to you.

Please note:
We are keen to ensure we provide up-to-date information. As we are writing, however, the Dutch Government is constantly announcing new additions or improvements to (new) schemes. The articles below are based on the information available as at 4.30 p.m. on Tuesday, 28 April.

  1. Six additional coronavirus measures for entrepreneurs
  2. Further relaxation of TOGS € 4,000 support scheme and BMKB scheme
  3. NOW scheme expanded for groups
  4. Lower wage bill during NOW? Be aware of retrospective correction!
  5. In 2020 no adjustment of employer’s unemployment insurance contribution in the event of overtime
  6. Launch of bridging loan for start-ups and scale-ups
  7. Wage expenses subsidy (LKS) will not be deducted from contribution under NOW
  8. Tozo scheme also open to cross-border workers and persons of state-pension age

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Author

Anne-Marie Dijkhorst

Corona-crisis | Update Corona newsletter

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