The cabinet has decided to widen the NOW 5 (November and December 2021) and NOW 6 (first quarter of 2022) schemes. The maximum reimbursable revenue loss is raised from 80% to 90%. This means that, when calculating the amount of NOW subsidy, a maximum revenue-loss percentage of 90% is used. Since the subsidy period, and therefore the payment of NOW 5 advances, has already started, this widening for NOW 5 can only be taken into account at the final subsidy assessment. For NOW 6, in the first quarter of 2022, the 90% widening will already be taken into account when granting advances. The additional cost of raising the maximum revenue-loss percentage is estimated at EUR 28 million for NOW 5 and EUR 44 million for NOW 6.
For the letter to parliament of 21 December 2021 on adjusting support measures following the direct lockdown of December 2021, click here (in Dutch).
For our earlier blog on NOW 5, click here.
Questions about the above?
Please contact one of Sørensen Advocaten’s employment lawyers. Call: +31 (0)10-2492444
