Entrepreneurs who get into financial difficulties because of the corona virus can ask the Tax Authorities for deferment of payment of VAT.
The request must be substantiated in writing, when the Tax and Customs Administration grants the collection to stop. The assessment takes place afterwards.
In addition, the tax authorities will cancel or reverse the so-called default fines for not paying taxes on time. This applies, for example, to late payment of VAT.
Source: nu.nl
Latest Posts in "Netherlands"
- Senate accepts bill to retain reduced VAT rate on culture, media and sports
- VAT on residential rent by foreign temporary workers not deductible
- Dutch Court Rules Outsourced Payment Processing Qualifies for VAT Exemption
- No Reduced VAT Rate for Head Spa Treatments at Hairdressers, Dutch Tax Group Rules
- Netherlands Plans Mandatory Peppol-Based B2B E-Invoicing Regime by July 2030
