Last week, during the debate on the economic aid packages, the House asked the cabinet to give companies more time to pay their deferred taxes. The Tax and Customs Administration had given entrepreneurs that space now that they are going through tough financial times due to the corona crisis.
This year’s deferred tax would then have to start paying back entrepreneurs from January, over a period of two years. But the House thought that was going too quickly. VVD and D66, PVV and SGP, among others, submitted proposals to allow entrepreneurs to start paying back later and to give them longer time to do so. The proposals ranged from half a year to a year later to start paying back to a year or two more years.
Vijlbrief has opted for a middle ground. He now gives entrepreneurs three years to repay the deferred tax, which they must start from 1 July 2021. They do not have to pay interest in the first six months. The D66 minister also gives entrepreneurs a request for tax deferment until the end of this year, which was originally only possible until 1 October.
More than 250,000 entrepreneurs have applied for tax deferment since the start of the corona crisis, according to Vijlbrief, of which 50,000 have already fully paid off the debt. The other 200,000 entrepreneurs now have about 12 billion euros in tax debt outstanding.
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