On 20 May 2020, the government of the Netherlands further announced relief measures (emergency package 2.0) in response to COVID-19 pandemic. The key issues of extended and new measures in “emergency package 2.0” is following:
- The “temporary emergency bridging measure to retain jobs” (NOW) would be extended by another 3 months, and would be expected to apply for the period 1 June through 31 August 2020.
- The “overhead compensation SMEs” (TVL) would provide compensation for overhead up to €20,000 for 3 months.
- A “temporary emergency bridging measure for self-employed persons” (TOZO) would be extended for a one-off period of 3 months through 31 August 2020, with amended conditions.
- Approval already provided for the deferral of payments allowed businesses if they have liquidity problems would be extended, with a distinction made between deferral of payment for a period of 3 months and deferral of payment for a period longer than 3 months.
- The rate of interest on tax due and late-payment interest would be reduced to 0.01% for a period until 1 October 2020.
- Other tax measures would be extended generally until 1 September 2020.
