Holland more time to pay frozen tax debts

The Dutch government has announced that corporations will possibly still delay the payment of safe taxes that have been frozen in reaction to the COVID-19 pandemic.

Under a scheme presented earlier this year, corporations were able to apply for a three-month automatic deferment of many taxes (income tax, physical fitness insurance levy, corporation tax, payroll taxes and VAT), provided that the application was made until October 1, 2020.

These amounts were to be refunded from 1 January 2021, within a 24-month period. The government now announced that companies will have 36 months to pay the amounts and will not be required to pay them until July 1, 2021.

Interest on tax debts will remain at 0. 1% until December 31, 2021, the government confirmed.

 

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