EU Update: Removal several countries from Tax Non-Cooperative List
EU Update: Removal several countries from Tax Non-Cooperative List The Council of the European Union has decided to remove the Bahamas, Belize, Seychelles, and Turks
The arrangement of the special deferral of payment (bijzonder uitstel van betaling (BUVB)) in the Netherlands will be extended further and will apply until October 1, 2021. Due to the corona virus, the Dutch government has decided to grant entrepreneurs a postponement of payment of taxes. Dutch entrepreneurs, who had previously submitted an application for a three-month deferment, can request an extension of the tax deferral until October 1, 2021.
From October 1, 2021 onwards, all entrepreneurs are expected to regularly pay their taxes again. For instance, wage and sales taxes for the last tax period before 1 October 2021, have to be paid on time. The last tax period before October 1, 2021 includes, among other periods, the third quarter of 2021 or September 2021.
To ensure that entrepreneurs can easily apply for a deferment of payment, the Dutch government will extend the lower recovery interest rate of 0.01% until 31 December 2021. Normally the interest rate in the Netherlands is 4%. From 1 January 2022, the recovery interest will be increased in steps of 1 percentage point:
For more information on the special deferral of payment, please visit https://www.rijksoverheid.nl.
EU Update: Removal several countries from Tax Non-Cooperative List The Council of the European Union has decided to remove the Bahamas, Belize, Seychelles, and Turks
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