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Netherlands Introduces Additional Tax Measures in New COVID-19 Relief Package

26 May 2020

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Approved Changes

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Netherlands

The Netherlands will extend coronavirus tax relief measures for another three months as part of a EUR 13 billion aid package mostly dedicated to subsidizing wages to keep people employed. The new aid package, referred to as Emergency Package 2.0, was announced May 20 in a letter to parliament. The economic relief measures follow the country’s first emergency package of nearly EUR 20 billion on 17 March, which was set to expire by 1 June. Under Emergency Package 2.0, small and medium-sized enterprises in the recreation field, such as catering, events, fairgrounds, stages, and theaters, would receive a tax-free allowance...