The measures against the spread of the Corona virus have a big impact on daily life in the Netherlands. Everyone is currently experiencing the consequences of government policies to contain the virus. Uncertain times, especially for entrepreneurs, with almost all of our customers affected to a greater or lesser extent.
The Dutch government has now announced a broad support package of emergency financial measures for businesses. All these developments follow each other rapidly: what was topical yesterday may already be obsolete today.
We understand that in these turbulent times entrepreneurs don’t have an overview of all the relevant developments and are stuck with many questions. That’s why we have set up a Corona crisis team at Bol International. A multi-disciplinary team of professionals, each specialist in his or her own field, but with a common goal: to help our customers through this Corona crisis. On this overview page you will find per subject which advisors are ready to help you further. In addition to our Crisis Team, we have set up a Corona Reporting webpage. Here you can find the latest news on Dutch Measures and cross-border interactions.
The Corona crisis has substantial impact on all aspects of the business community. Feel free to contact our international team members Toine Geesink, Kevin Smit and Mark Lomme or reach out directly to our specialists listed below.
NOW and Income Support for SMEs & Self-Employed Professionals
One of the most important emergency measures to mitigate the economic consequences of the Corona virus is the temporary emergency bridging measure for sustained employment (NOW). The NOW is a contribution towards labor costs and replaces the reduction of working hours. Bas Jeckmans, Joyce de Graaff and Danny Kosman can explain how the NOW works, what the conditions are in and help you to submit an application. In addition, they know everything about the temporary income support measures for SMEs & Self-Employed Professionals, including the € 4,000 compensation for severely affected businesses. Bas, Joyce and Danny can be reached by phone or email via the buttons below.
There are also several emergency measures in the fiscal area to mitigate the economic consequences of the Corona virus. For example, there is the option of lowering the personal income tax and corporate income tax assessments if less profit is expected as a result of the Corona virus. It can also be requested to defer payment of taxes, without having to pay a default penalty. Tax specialist Marcel Peusens can explain what options there are and can help you submit an application to the Tax Authorities. Marcel can be reached by telephone or email via the button below.
Guarantee loan for SMEs and Deferral of Repayment of Financing
Many entrepreneurs will miss out on income or production due to the Corona virus. Liquidity problems soon present themselves. In order to cope with this, the government has announced that it will extend the Guarantee Credit for SMEs (BMKB), so that the government will largely guarantee temporary extra credit. In addition, it is possible to temporarily stop repayments on existing financing. Senior Consultant Corporate Finance Ralf Stubbe can help you to maintain the liquidity of your company, for example by making a financing request with BMKB or a request for deferral of repayments. Ralf can be reached by phone or email via the button below.
The measures taken against the spread of the Corona virus are very drastic and can have major financial consequences for entrepreneurs. Despite the support package for emergency financial measures, bankruptcies cannot be ruled out. In the event of an (imminent) bankruptcy as a result of the Corona virus, it is important to contact a specialist in time to limit any damage as much as possible. Lawyer Renate Bake can support you through insolvency counseling, for example by helping to make a report of insolvency. She is also there for you in case of pending direct debits or other payment problems. Renate can be reached by phone or email via the button below.
Discussion about General Terms & Conditions and Delivery Obligations
The measures surrounding the Corona virus can cause entrepreneurs to suffer from (supply) problems. Discussions about liability and force majeure then lurk. Right now it is therefore important to have an insight into the agreements made with customers or suppliers and to know which legislation you can rely on when such a discussion arises. Lawyer Renate Baken can help you with this. She can be reached by phone or email via the button below.