TaxWatch:

Reopening of applications for interest free withholding tax loans

27 May 2021

SMEs and large enterprises can now apply for interest free withholding tax loans. The application period is from May 10 to June 7, 2021.

SMEs can apply for a loan equal to the withholding tax and labour market contribution of March 2021. Large enterprises can apply for a loan equal to the withholding tax and labour market contribution of April 2021. 

An accountant’s statement is required for an application, if a transfer of ownership, consisting of 50% or more, has been done within the group of owners from December 17, 2020 up to and including the application date. In addition, several other criterions must be met by the applying enterprise.

The loan must be paid back no later than February 1, 2023.