NOW wage costs subsidy in the Netherlands continues in 2021
NOW 3.0
For the last quarter of 2020 and the first half of 2021, employers suffering a loss of turnover as a result of the corona crisis can again apply for a wage cost subsidy (NOW 3.0). In 2020 a minimum revenue loss of 20% is required but as from 2021 the revenue loss must be at least 30%. Also, the NOW 3.0 aid is subject to a gradual reduction of compensation rates: from 80%, to 70%, to 60%.
More about the changes of NOW 3.0 wage costs subsidy on our website: https://www.interfisc.co.uk/wage-costs-subsidy-in-the-netherlands-now-3-0/
Did you receive NOW-subsidy in 2020?
Then make sure to apply for a definitive NOW-calculation in time! The paid subsidy is an advance, based on your own estimate of the loss of turnover. You can read more about the definitive calculation & the way in which you are in some cases supposed to demonstrate the final loss of turnover on our website: https://www.interfisc.co.uk/final-now-settlement/
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