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Coronavirus: Relaxation of deferral of payment of VAT and reduction of fines

Affected entrepreneurs can more easily apply for deferral of tax. The Tax Authorities will then immediately stop the collections. This applies to income, corporate, wage and turnover taxes (VAT). Any default penalties for late payment do not have to be paid. Moreover, it is not necessary to send evidence immediately.

Source: rijksoverheid.nl

If you do not pay an assessment on time, you normally have to pay 4% interest from the moment the payment term has expired. As of March 23, 2020, we will temporarily reduce the interest from 4% to 0.01%. This applies to all tax debts. We charge interest if we can only determine a tax assessment too late, for example because you have not filed the tax return on time or for the correct amount. The tax rate is 4%. We will also temporarily lower the rate to 0.01%. This will apply to all taxes subject to tax interest. The temporary reduction of the tax rate will take effect from 1 June 2020.

Source: belastingdienst.nl

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