Netherlands: Relief and recovery measures to end 1 October 2021 (COVID-19)
Largely end the current relief and recovery package previously provided in response to the coronavirus (COVID-19) pandemic
1 October 2021 (COVID-19)
A letter (30 August 2021) sent from the government to the Lower House of Parliament announces that the government intends as of 1 October 2021 to largely end the current relief and recovery package previously provided in response to the coronavirus (COVID-19) pandemic.
Therefore, the following relief will not be extended and will end on 1 October 2021:
- Various tax measures
- “TVL” measures (Tegemoetkoming Vaste Lasten mkb) (that provide compensation for overhead of small and medium-size enterprises)
- The “NOW” program (Tijdelijke Noodmaatregel Overbrugging voor Werkgelegenheid) (that provides temporary emergency bridging measures to retain jobs)
The government will continue to support businesses also after 1 October 2021 that are experiencing financial problems as a result of the COVID-19 pandemic and businesses operating in sectors that may also face difficulties after nearly all the social distancing measures are lifted (for example, tourism, nightclubs, congresses and festivals).
Read an August 2021 report prepared by the KPMG member firm in the Netherlands
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