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Dutch Cabinet Extends Certain COVID-19 Support Measures

01 December 2021

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Approved Changes

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Netherlands

Considering a new lock-down for COVID-19, the Dutch Cabinet has decided to extend certain support measures that previously expired on 1 October 2021, including the temporary emergency scheme for job retention (NOW) and the fixed costs grant scheme (TVL). A release on the extension also provides that the option to request a tax deferral is also extended until 31 December 2021 and the reduction of the recovery interest rate for late payment to 0.01% is extended 6 months. With the extension of the reduced interest rate, the rate will be reverted gradually to 1.0% from 1 July 2022, 2.0% from...