Measures regarding the corona virus

Broadstreet - News - - Measures regarding the corona virus

March 20th, 2020

The Dutch government is preparing several reliefs for entrepreneurs who are affected by the virus.

Via this memo, we would like to inform you on the measures that are currently taken.

TEMPORARY MEASURE BRIDGING FOR WORK RETENTION
On the basis of this measure, employers can submit a request for compensation for the payroll expenses for their employees.

The compensation is linked to the level of loss of turnover, and amounts to maximal 90% of the payroll cost.

With this measure, the Government wishes to avoid dismissals. The employees will remain entitled to their full salary, paid by the employer.

In order to be eligible, a number of conditions have to be met:

– The employer will not request dismissal for the employees for at least the period the compensation is paid for;
– The employer expects at least a 20% loss of turnover, starting March 1.

The compensation can be requested for a period of 3 months and will potentially be extended.

TEMPORARY MEASURE INCOME SUPPORT ENTREPRENEURS
Sole proprietors and small companies can get income support for a maximum amount of EUR 1,500 net per month. Furthermore, they will have the possibility to receive a loan for business capital.

This measure will be valid for the period March 1 2020 till June 1 2020 and executed by the municipality.

COMPENSATION SCHEME ENTREPRENEURS
For entrepreneurs who have been affected immediately by the health measures taken by the government, a fixed compensation of EUR 4,000 will be granted.

This measure is meant for entrepreneurs active in catering, travel, events and the cultural sector.

Further terms and conditions regarding these measures will be announced shortly.

TAX PAYMENT DEFERRAL AND INTEREST MEASURES
For tax assessments already imposed, a (written) request for an extension of payment can be filed. The tax office will not impose a late payment penalty and the interest rate for the late payment will temporarily be reduced to 0,01% (currently 4% for income tax and 8% for corporate tax).

This extension will be granted for a period of 3 months. In case this is not long enough, a further extension can be requested, but in that case additional documentation to support this request may have to be presented to the tax office.

Besides the written request for extension, it will also still be possible to request for a 4 months’ extension by phone. However, this is only possible for tax assessments less than EUR 20,000.

For the provisional tax assessments 2020 it is possible to adjust the amount payable.

paul van der Vegt
paul van der Vegt
07:30 24 May 20
Always good advice and swift response from my consultant Elisabeth Bouwer. Top service!
Tony Van Guy
Tony Van Guy
09:12 15 Apr 20
We couldn't recommend them. They will do their best to get you on board but after awhile they will send you over price invoices. We had a terrible experience with this company.
Bret Sewell
Bret Sewell
17:46 07 Apr 20
My family moved to the Netherlands and needed cross-border tax expertise for both our NL business and our personal income taxes. Broadstreet was an exceptionally good partner, making the tax planning and execution aspects of our move and U.S. repatriation seamless and worry-free for us. Broadstreet's deep knowledge of complex cross-border tax matters, ability to work with our U.S. CPA, efficient online systems and processes and superb responsiveness made us a very happy client. I would wholeheartedly recommend Broadstreet to other clients in our situation.
Caroline Villamizar Duque
Caroline Villamizar Duque
17:40 12 Mar 20
I have had a good experience setting up a BV as an expat recently arrived here. Their advice was solid and they have introduced me to other suppliers including a notary and an immigration lawyer who have been very useful and professional, with all working well as a team. They are also really fast at responding which I have realised is not the norm here. Would recommend.
Sarah Qabbani
Sarah Qabbani
11:35 12 Mar 20
I had a great experience dealing with Broadstreet. Everyone I spoke to were super nice and helpful. They were patient with me gathering so many documents for my application and they made sure my application was complete for better chances of getting the 30% ruling. I highly recommend their services.
tokinembourg2 .
tokinembourg2 .
08:54 11 Mar 20
Been using Broadstreet services for many years now, for different topics such as business and private. Always responsive, good follow up. A good partner I trust for their advices too. I'd like to add business relationship comes down to human relationship. A big plus to Elizabeth Bouwer for her support who is always helping me. Highly recommended.
Marcio Gualtieri
Marcio Gualtieri
18:23 08 Mar 20
As other reviewers have mentioned, transparency regarding pricing is a big issue with them... It seems like my experience was not an isolated case... They were very responsive in the beginning when trying to get me on board, after that not so much... Definitely lacking quality and professionalism. Not good value, certainly overpriced...
Giacomo Ferrero
Giacomo Ferrero
12:08 22 Jan 20
Top quality services provided to me last year. They were always very attentive and professional and would definitely work with them again.
Dimitrios Vlachopoulos
Dimitrios Vlachopoulos
22:25 19 Dec 19
Excellent experience with the creation of my BV, as well as 30% ruling. I enjoy working with Elisabeth, who is very responsive and efficient
Dimitrios Vlachopoulos
Dimitrios Vlachopoulos
22:25 19 Dec 19
Excellent experience with the creation of my BV, as well as 30% ruling. I enjoy working with Elisabeth, who is very responsive and efficient
Deny George
Deny George
18:08 19 Dec 19
Fantastic service and professional advice in really fast time manner. My advisor was Anne and she did excellent on explaining how the tax system works in my case what to do and how to manage to get around as Expat worker who just moved to Netherlands. Absolutely recommended!
Deny George
Deny George
18:08 19 Dec 19
Fantastic service and professional advice in really fast time manner. My advisor was Anne and she did excellent on explaining how the tax system works in my case what to do and how to manage to get around as Expat worker who just moved to Netherlands. Absolutely recommended!
Ari S
Ari S
14:22 04 Dec 19
Absolutely HORRIBLE firm. Rude people and totally unknowledgeable. It took another firm a year to fix all the issues/mistakes Broadstreet made on my taxes and 30 application. They tried to charge me additional fees to fix their mistakes.DO NOT RECOMMEND AVOID AT ALL COSTS
Nestor Leal
Nestor Leal
09:03 12 Nov 19
Broadstreet has been a true partner in all my business affairs in the Netherlands. They provide honest, accurate and useful advise in tax, payroll and accounting matters.They will help your business thrive. ;-D
Nestor Leal
Nestor Leal
09:03 12 Nov 19
Broadstreet has been a true partner in all my business affairs in the Netherlands. They provide honest, accurate and useful advise in tax, payroll and accounting matters.They will help your business thrive. ;-D
James Mckerrow
James Mckerrow
08:38 29 Jul 19
This firm is Absolutely Excellent! Consultancy and Execution is 1st rate - probably the best ever experience that I have had with a Dutch company!
Daniel Sokolov
Daniel Sokolov
14:41 06 Dec 18
Thank you Broadstreet!!!first I have to say that my knowledge in taxes is 0%.I'm checked a lot before I find a Broadstreet team and I'm really glad.they are professional helpful and helped me step by step with everything what I ask for.Thanks again to everyone
Dehlia Kruger
Dehlia Kruger
14:08 01 Sep 18
We are extremely happy and satisfied with the service we received from Broadstreet, Elisabeth Bouwer in particular. Financial information was accurate to the cent, and every promise given was kept. Highly recommended!
Susie Breuer
Susie Breuer
15:33 30 Aug 18
I have used Broadstreet for around 10 years for tax purposes within Holland. I found them knowledgable, responsive and very professional. I would highly recommend them as an expat tax service.
Benedict Carey
Benedict Carey
13:43 06 Nov 17
Having been bounced around a few tax advisors and almost got my self in hot water by being told the wrong thing, I got a recommendation from another person who had a similar business structure to me. The Broadstreet advisor was efficient and thorough and provided a comprehensive and understandable summary of how to deal with my situation. Relocating between regimes with complex tax laws is never going to be straightforward, at least these guys do put the effort in ... beware of others who will make a suggestion and then disappear when it goes haywire!
marco lirio diaz
marco lirio diaz
09:41 24 Jun 17
Great services,thorough and real professionals. As an expat I highly recommend Broadstreet. I had some issues with my tax and they manage to solved the problem avoiding a penalty fee. If you don't want to worry about the complex Dutch Tax, I recommend to leave it on their hands to be sort it for you.
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