Budget Day 2020

As a result of the corona crisis, Budget Day 2020 was exceptional in many ways. Breaking with tradition, the King was not taken to the Hall of Knights in the Dutch royal carriage. Instead, his official speech, the Troonrede, took place in the Great Church in The Hague.

In keeping with tradition, Minister of Finance Wopke Hoekstra did however present the Budget Plan and Budget Memorandum to the House of Representatives. As in previous years, Baker Tilly has compiled an overview of the (fiscal) measures presented by the Cabinet. The Cabinet’s plans are aimed at stimulating the Dutch economy, which is under tremendous pressure due to the corona crisis.

It is noted that many of the Budget Day plans concern previously presented proposals, or the formalisation of specific measures. An example of the latter is the formalisation of aid measures for businesses that have been seriously affected by corona. We have made a selection of the measures that may be important to you.

Questions? Please contact us!

We understand that the information about the new measures will not provide you with full insight into the consequences for you or your organisation. Would you like to know more? Or do you have any questions about the measures? If so, please contact your tax advisor at Baker Tilly or call one of our offices in your area.