by Febe Louage
Self-employed persons can obtain a payment deferral of social security contributions for the first and second quarters of 2020. The deferral is granted until 31 March 2021 and 30 June 2021 respectively.
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.
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.
In our opinions, we rely on current legislation, interpretations and legal doctrine. This does not prevent the administration from disputing them or from changing existing interpretations.
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