UPDATE 18.3.2020 : more Dutch incentives re Corona virus

Wednesday 18 March 2020

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UPDATE March 18, 2020 : Incentives offered by the Dutch Government to support companies affected by the Corona virus


Given the massive impact of the Corona virus on companies in the Netherlands, the Dutch government has decided to upgrade the existing facilities for compensation of wage costs.


Companies expecting a decrease in turnover of at least 20% can apply for a compensation of wage costs. Up to 90% of the wage costs can be compensated, based on the decrease in turnover.


To ensure companies will be able to pay their employees, the Employment Insurance Agency will provide an advance of 80% of the requested compensation. During the compensation period, personnel cannot be laid off due to economic conditions. The incentive can be obtained for a period of three months, and will be granted retrospectively as from March 1, 2020.