Several measures have been announced, the latest on March 17, 2020. Many of the measures have yet to be worked out. On this page we keep it up so you know where to go and how we can help you.

There are three groups of schemes. The first group is the loans group, which means that the loan terms have been relaxed. The second group is the tax measures and the third group is the assistance and compensation group. The fourth group is the 'under investigation group', which are measures that are under investigation, as soon as more is known we will let you know.

Group 1: Loans

1. Increase in guarantee ceiling from max. 50 to 150 million.
2. Relaxation of conditions for loans via Qcredits
3. Broadening BMKB credits.

Group 2: Taxes

1. Deferral of tax payment
2. Lower interest rates and no default penalty
3. Reduce 2020 provisional assessment

Group 3: Assistance and compensation

1. Compensation (4,000 euro) for directly affected entrepreneurs
2. Assistance for all entrepreneurs
3. Short-time working has become a loss of revenue scheme

Group 4: Under investigation

Specific sectors research into the following matters: the culture sector and the tourist tax

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Group 1: Loans

 

1. Increase of the guarantee ceiling from a maximum of 50 to 150 million.

Scheme summary:

The loans in the Guarantee Entrepreneur Financing scheme (abbreviated as GO) will have a higher ceiling. The government guarantees 50% of the loan up to an amount of 150 million in loans, the other half comes from a bank.

For whom:

For small and medium-sized enterprises and large companies with loan applications from 1.5 million.

Application:

Runs through the bank

2. Relaxation of conditions for loans via Qcredits

Scheme summary:

Existing loans will be repaid for the next six months and interest rates will drop to 2% in those six months.

For whom:

Entrepreneurs who have a loan from Qcredits.

Application:

To request yourself via Qcredits, read more here: https://qredits.nl/contact/qredits-hulplijn/

3. Broadening BMKB loans

Scheme summary:

Companies affected by the consequences of the coronavirus can make use of the extension of BMKB credits. The BMKB has been extended until June 30, 2022. Companies with a credit requirement of up to € 266,667 can finance three quarters with BMKB credit, otherwise the limit will be no more than half of the credit. A government guarantee of 90% applies to the BMKB credit.

For whom:

For companies up to 250 FTE personnel and credits up to 1.5 million.

Application:

Via the bank, read more here: https://www.rvo.nl/subsidie-en-fancieringswijzer/borgstelling-mkb-kredie...

 

Group 2: Taxes

1. Deferral of payment of taxes

Scheme summary:

If your company has payment problems due to the consequences of the corona virus, you can ask the Tax and Customs Administration for special deferral of payment. Deferral of payment can be requested for the following income tax, corporation tax, sales tax and payroll tax.

For whom:

All entrepreneurs regardless of legal form.

Application:

Procedure: make a declaration, wait for assessment, send letter with request for deferment of payment explaining how Corona has led to payment problems. The collection is stopped and the tax authorities will ask for a statement from a "third party". The third can be a financial advisor (such as Lupacompany). The statement must be submitted within four weeks.

>>Update March 19: after receiving the request for postponement, you will immediately receive a three-month postponement. The 'third' statement is only necessary for a request for postponement longer than three months.

>>> Lupacompany helps, let us know if you can use this.

2. Lower interest and no default penalty

Scheme summary:

The interest charged by the tax authorities goes to 0.1% and the default penalty (for not paying) is temporarily not imposed.

For whom:

All entrepreneurs regardless of legal form.

Application:

See deferral for this. Presumably automatically executed.

3. Reduction of provisional assessment for 2020

Scheme summary:

Do you expect a lower profit due to the corona outbreak and are you now paying a provisional income tax or corporate tax assessment? Then you can change your provisional assessment so that you immediately pay less tax.

For whom:

All entrepreneurs regardless of legal form.

Application:

Request via a reduction request (change provisional assessment) to the tax authorities.

>>> Lupacompany can do this for you, let us know.

 

Group 3: Assistance and compensation

1. Compensation (4,000 euro) for directly affected entrepreneurs

Scheme summary:

Payment of 4,000 euros to entrepreneurs most affected by closure. The amount is intended to bear the fixed costs (rent, energy, etc.).

For whom:

For entrepreneurs with business space (not for home workers) who had to close by direct and indirect government measures. This concerns the catering industry, culture sector, travel industry, hairdressers, beauty salon,…?

>>UPDATE MARCH 29: more is known who is getting this compensation (name program: TOGS), read here for more info (Dutch): https://artlupa.com/nl/inzicht/togs-tegemoetkoming-ondernemers-getroffen-sectoren-%E2%82%AC4000-compensatie. 

Application:

At the time of writing (March 18, 2020 at 11:00 AM) not yet known.

>>UPDATE MARCH 29: The website of the RVO is open for application, https://www.rvo.nl/subsidie-en-financieringswijzer/tegemoetkoming-schade-covid-19

2. Assistance for all entrepreneurs

Scheme summary:

Payment to cover income. This is a gift at a minimum level of assistance for a period of three months.

For whom:

For all entrepreneurs

>>UPDATE MARCH 29: Also for companies with a director/shareholder, the director should at least own 50% of the shares.

Application:

At the time of writing (March 18, 2020 at 11:00 AM) not yet known. Runs through the municipality.

>> Update March 19: there is already an arrangement for entrepreneurs, namely the BBZ (special self-employed assistance) and the benefit duration is 12 months, this is a social assistance benefit. The application normally takes 13 weeks. The corona gift is something else.

>>UPDATE MARCH 29: more on this program  (name TOZO) (in Dutch) on our website https://artlupa.com/nl/inzicht/aanvraag-bijstand-voor-ondernemers-torzo-tozo

3. Shortening working hours has become a loss of turnover scheme

Scheme summary:

From 17 March 2020, the working time reduction is called the Temporary Emergency Measure Bridging for Work Retention (NOW). The aim is to ensure that employers do not fire their employees. Employers who have a turnover reduction of at least 20% as of March 1.

For whom:

The scheme applies to all employers and to all employees. From a turnover reduction of 20%. Advance payment based on 80% of the allowance. If the turnover has decreased by 100%, the allowance will be 90% of the wage bill, and if it falls by 20%, the contribution will be 18% of the wage bill.

Application:

This is going through the UWV, at the time of writing (March 18, 2020 at 11:00 am) it is still unclear how the application is progressing.

https://www.uwv.nl/werkgevers/actueel/noodfonds-overbrugging-werkgebruik...