The payment deferral must be requested before 15 June 2020. The tax consequences of the postponement are that the contributions will not be deductible until 2021.
Reduction or exemption
Besides a payment deferral, self-employed workers can also apply for a reduction in or exemption from the provisional social security contributions.
The reduction can be applied for if the professional income falls below one of the legal thresholds. Those who are unable to pay social security contributions as a result of the coronavirus crisis can obtain a partial or total exemption. However, the exemption can only be applied for in exceptional cases and has negative implications for later pension rights.
Do you have any questions about social security contributions in the context of the coronavirus crisis? Please contact your account manager or one of our specialists via email@example.com.
We base our advice on current legislation, interpretations and legal doctrine. This does not prevent the administration from being able to challenge it or to change existing interpretations.