On Tuesday 31 March 2020, the Government has further elaborated on the Temporary Emergency Measure Bridging for Work Retention (NOW). This newsletter will discuss the main points of the “Temporary subsidy scheme for compensation for labor costs in connection with the coronavirus”.
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Click here to read more about the measures taken in response to the coronavirus.
Many measures are new and will be fleshed out in the coming period. We will of course continue to monitor this for you. If you have any questions about the new support measures, please contact your account manager at ESJ.
Expansion of support and recovery package
Changes to the package for the first and second quarter of 2021
Calculation tool NOW 3.1
This model was made to calculate the expected subsidy (NOW 3.1)
Support and recovery package NOW3, TOZO and TVL
In recent months, the cabinet has announced and published a support and recovery package. The "Corona Emergency Measures Decree" was last updated on September 30, 2020.
Special deferment of payment of tax liabilities
Entrepreneurs who have temporarily run into liquidity problems due to special circumstances, the cause of which is beyond their control, can request a postponement of payment. This is the so-called special postponement.
Extra support for affected sectors
The cabinet once again supports companies affected by the new corona measures. The new support measures come on top of the existing schemes and mainly concern the extension of the TVL (Allowance Fixed Costs).
Separate notification of inability to pay is no longer necessary
The article provides you with insides about separate notifications for special postponement of payments in connection to the coronavirus.
Deferment of payment
Can you apply for (special) deferment of payment for VAT, wage taxes, corporate income tax and income tax? Follow these steps to find out.
Emergency packages for jobs and economy
The government has opted for a massive and broad package that, through the potential use of billions per month, aims to save jobs and limit the economic consequences.