Deferral of payment for tax assessments due to coronavirus

If you have payment issues as a result of the coronavirus, you can request special deferral of payment from the Dutch Tax Authorities for all income tax, corporation tax, turnover tax (VAT) and payroll tax assessments. This option applies to all entrepreneurs, including self-employed persons.

Conditions apply to obtaining a deferral of payment. Among other things, you need a statement from an independent specialist. LIMES can help you with this.

As a result of the coronavirus, it may be necessary to report a notification of insolvency to the tax authorities, the UWV and the pension fund to avoid directors’ and officers’ liability.

Reduction of preliminary assessments

The Dutch Tax Authorities  also points out to entrepreneurs that provisional assessments can be reduced if your profit expectations for this year have to be adjusted downwards.