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Do you own an SME or are you a starting entrepreneur? And did you receive a Reimbursement Fixed Costs (TVL) or a Reimbursement for Entrepreneurs in Affected Sectors (TOGS) to help pay for fixed costs during the corona crisis? This subsidy will not be counted towards your taxable profit. This means it will be exempt from income tax (inkomstenbelasting) or corporate income tax (vennootschapsbelasting).
Funds received from the following subsidies are exempted:
- Reimbursement Fixed Costs (TVL) for SMEs
- Reimbursement Fixed Costs (TVL) for starting entrepeneurs (Q1 2021)
- Reimbursement for entrepreneurs in affected sectors (TOGS)
- entrepreneurs who received TVL for SMEs or starting entrepreneurs, or TOGS
This change in legislation is expected to come into force on 1 January 2022. It will be applied retroactively from 1 January 2021. The TVL and TOGS are applied retroactively from 1 January 2020.
Please note: The effective date of this measure is not yet final. Entry into force is subject to its passing through the upper and lower houses of parliament or proclamation of the Order in Council (Algemene Maatregel van Bestuur, AMvB) or ministerial decree and publication in the Staatsblad or Staatscourant (Government Gazette, in Dutch).