Regularly updated as main measures are announced
The Dutch cabinet announced substantial precautionary measures in support of businesses and employment. These measures are aimed at mitigating economic damage due to efforts controlling the current pandemic.
1. TVL (Tegemoetkoming Vaste Lasten) - Q1 2021
Any business experiencing a turn-over loss of 30% or more in the period from 1 January to 1 April 2021 may receive an allowance of up to EUR 550,000 (companies up to 250 employees). A key requirement is that your business has fixed expenses of at least € 1,500 per three months.
Additional compensation for the retail industry
Additional compensation for the hospitality industry
2. NOW (Noodmaatregel Overbrugging voor Werkgelegenheid)
NOW is for employers who experience a revenue loss of 20% or more for the period January to March 2021. The reimbursement is open for employers experiencing a revenue loss of 20 percent or more. Apply with the UWV before 15 March 2021.
3. TOZO (Tijdelijke overbruggingsregeling zelfstandig ondernemers)
TOZO is a top-up income provision for small business owners who's income drop below Dutch social welfare minimum. It will become available for the period 1 April 2021 to 1 July 2021. For TOZO 4, your partner's income and your net asset position will be included in the eligibility condition. Apply for TOZO with the municipality you are registered.
4. Tax Measures for consumers and companies
Expansion of fund Garantie Ondernemersfinanciering
Businesses struggling to obtain a loan guarantee for a bank loan may apply for the Garantie Ondernemersfinanciering. The ceiling for loan guarantees is temporarily raised to EUR 150 M.
Temporary relaxation of certain tax provisions
The Dutch cabinet announced additional measures to support business owners. The following temporary tax relaxations are announced.