On 17 March 2020 the Dutch government announced exceptional economic measures. The aim is to protect jobs and incomes and to address the consequences of the COVID-19 outbreak on self-employed professionals, SME-entrepreneurs and large companies. The measures aim to ensure that companies can continue to pay their staff, bridge the gap for self-employed workers and assist companies in maintaining their cash position as much as possible through specific tax schemes, compensation and extra finance and credit proposals. We will focus on the employment measures.
Emergency Fund Bridging Employment
The government introduced the ‘’Emergency fund bridging employment’’ (Noodfonds Overbrugging Werkgelegenheid). This … Continue Reading