You may have received financial corona support from different organisations. This means that if you do have to repay, you probably cannot repay in one go: you may have to repay several amounts of money to several organisations.
We will continue to update this page as details change, so check here.
Do you have to repay corona support?
Whether or not you need to repay, and how much, depends on your situation. Examples of when you will have to repay are:
- The money you received was a loan. Examples: Tozo credit, or the small credits guarantee for SMEs (KKC).
- You received too much money. For example, because your turnover was higher than you had expected. The organisation that paid the corona support money will calculate for each application period whether or not you need to repay them.
- You were granted a special tax payment extension. If you owe tax money, you always have to repay.
Different refund dates
The different corona support schemes have been paid out by different organisations, in different time periods. You may therefore have to deal with different refund dates.
What can you do?
Make sure that your business records are up-to-date and correct. If you have debts, make an overview. Are you unable to pay your bills? Talk to your creditors, and ask them if they are willing to let you repay in instalments; draw up a payment plan.
Do you worry that your business may not be able to continue? KVK has a special Business in trouble section that may help you find the way forward.
Do I need to repay?
What to repay
In most cases, you will not need to repay the TVL (Reimbursement Fixed Costs). It is a tax-free gift. Unless your turnover was higher than expected in the period for which you have received TVL. In that case, you have to repay the difference.
Was your turnover loss less than 30% in a quarter for which you received TVL (or 20% in Q4 of 2021)? You will have to repay the full amount you received for that period. The Netherlands Enterprise Agency (RVO) does not charge interest to entrepreneurs who have to repay.
What to repay
The NOW (temporary emergency bridging measure) was established to enable you to pay your staff. One of the conditions for receiving NOW is that your turnover loss was at least 20%. After your application you receive an advance payment. You will have to repay the NOW if you received too much. After every application period, you ask the Employee Insurance Agency (UWV) for a final settlement. UWV will calculate the final reimbursement. They will tell you if you will receive a supplementary payment, or that you have to repay (part of) the support, including the amount.
Please note: if you do not apply for a final settlement in time, UWV will send you a letter with information on what you can do to avoid having to pay back the entire advance payment.
What to repay
The Tozo (temporary bridging measure for self-employed professionals) consists of 2 parts:
- income support
- loan for business capital
The Tozo income support is a gift. It is an addition to your income, so that you receive the social minimum. You do not have to repay this money. Unless it turns out your income during the period over which you received Tozo income support was higher than expected. You have to report this to your municipal authorities. You may have received too much Tozo income support and have to repay (part of) it. You have to repay the Tozo business loan.
What to repay
The TONK (temporary support for essential costs) is meant to help you pay for your living costs. For example, if you can no longer pay your rent, your mortgage instalments, or your municipal taxes. The terms and conditions for receiving TONK may differ between municipalities. For example, your municipality is free to determine how much capital you are allowed to have.
Repaying corona loans
To support entrepreneurs, the government has expanded several existing loans. Such as the SME credits guarantee scheme (BMKB), Business loan guarantee scheme (GO), and Seed Capital scheme. There are also new credit loans such as the Corona re-launch credit for SMEs (TOA) and the Small Credits Guarantee for SMEs scheme (KKC).
The conditions for repayment are different per scheme. Check with the organisation that provided the loan.
Note: this list is not exhaustive
This overview only contains the most important schemes for entrepreneurs.
Paying taxes later
Special tax payment extension
As of 1 April 2022, you can no longer get a tax payment extension. And you will have to start paying new tax obligations on time again.
Read more about the special payment extension in English. And on Belastingdienst.nl in Dutch.
Important tax payment dates
- 31 March: this was the last day to request or extend a special tax payment extension from the Tax and Customs Administration.
- 1 April: from this date, you need to start paying new tax assessments on time again, according to the usual payment deadlines. You can no lo longer get an extension.
- 1 October: start repaying your tax debt. You have 60 months to do this.
- 31 October: pay the first instalment of the repayment arrangement before this date.
- 1 October: you have paid off your debt according to the repayment arrangement.
Tax payment arrangement relaxations
The Dutch government has decided to relax the tax payment arrangement for businesses that have difficulty paying a set amount each month for 5 years. For example, because the income fluctuates, due to seasonal influences. It will be possible to apply for quarterly payments, a 3-month pause, or a 7-year arrangement as opposed to 5 years.