With effect from today (4 November 2020), the Tax and Customs Administration is reopening the online portal for applying for special deferral of tax payments.
Extension of the relaxed deferral policy
The State Secretaries for Finance have announced this in a letter to Parliament. The relaxation of the rules is necessary because many business owners are being hit hard (once again) by the second wave of the coronavirus.
The relaxed policy on special deferrals of tax payments is being extended until 31 December 2020.
Late requests for a postponement
Business owners who did not apply for a special deferral of payment before 1 October 2020 can still do so now. They will then be granted a deferral of payment until 31 December 2020.
And the relevant repayment scheme applies to the tax liability accrued during this deferral period:
- repayments to commence from July 2021 (first repayment instalment due by 31 July 2021 at the latest);
- repay in 36 equal monthly instalments (or sooner).
Business owners who have applied for the special payment deferral but who did not request an extension after the initial three-month deferral period may still do so now.
Factsheet
We explain the rules regarding special payment deferrals in our factsheet Special payment deferral in connection with the coronavirus crisis