Request for or extension of special deferral of payment on account of corona is still possible up to and including the 30th of September, 2021
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Request for or extension of special deferral of payment on account of corona is still possible up to and including the 30th of September, 2021

Tax Inspectorate Caribbean Netherlands, Bonaire. Tax Inspectorate Caribbean Netherlands, Bonaire.

SABA/SINT EUSTATIUS - Are you an entrepreneur and does your business have payment problems due to the corona crisis? Then it is still possible up to and including the 30th of September 2021 to request for or extend special deferral of payment. The (caretaker) government has decided that if you use the special deferral of payment, you do not need to pay the tax bill due until the 1st of October 2022. You will have 60 months to do this. You must, however, meet your new payment obligations in time again as of the 1st of October 2021.

As of 1st of October 2021: meet your new payment obligations

You must pay all tax returns which you file on or after the 1st of October 2021 in time again.

Earlier we reported that you should meet your new payment obligations as of the 1st of July 2021. The (caretaker) government has now decided to give entrepreneurs more time for this.

Does your special deferral expire before the 1st of October 2021, and you do not request extension?

Then you must file and pay tax returns in time again before the 1st of October 2021.

Have you not paid all tax bills in time since the expiration of your special deferral?

Then you should still do this before the 1st of October 2021. If you are unable to do so, you must request extension of your special deferral as soon as possible.

As of the 1st of October 2022: pay unpaid amounts due

You will start paying amounts due for taxes which you have not paid during your special deferral on the 1st of October 2022. You will have from the 1st of October 2022 until the 1st of October 2027 to affect these payments. You will then monthly pay us a fixed amount for a period of 60 months. If you wish to accelerate payment, this is of course also possible.

Earlier we reported that you should start paying these amounts due from the 1st of October 2021 until the 1st of October 2024, in 36 months. The (caretaker) government has, however, decided to give entrepreneurs more time for these payments.

Interest on overdue tax payments

If you do not pay a tax return in time, you normally pay 6% interest on overdue tax payments as of the moment that the payment deadline has expired. We understand that many entrepreneurs will still be facing financially challenging times in the period ahead. The rate of the interest on overdue tax payments has therefore been reduced to 0.0% up to and including the 31st of December 2021.

After that date, the interest on overdue tax payments will return to its old level step by step. On the 1st of January 2022, the rate of the interest on overdue tax payments will be set at 2%, on the 1st of January, 2023 at 3% and on the 1st of January, 2024 at 6%.

These temporary reductions only apply to tax debts which have been granted special deferral.

Other tax measures due to corona

Apart from the special deferral of payment, we have taken more measures to help businesses and citizens in times of the corona crisis. Many of them will be extended, some will not. More information is available on www.belastingdienst-cn.nl/

(RCN Caribbean Netherlands)

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