NOW 4 – Sixth Application Period For Subsidies Opened

Important features NOW 4

Employers with a minimum (expected) loss of turnover of 20% are eligible for the NOW 4. However, the government has decided to apply a maximum (to be reported) loss of turnover of 80%. This means that businesses with a loss of turnover of more than 80% must take an allowance of 68% into account (80% x 85% reimbursement rate = 68%). The reference month for the wage bill is adjusted from June 2020 to February 2021. See below for the most important features of the NOW 4:

• The NOW 4 runs from 1 July 2021 to 30 September 2021;
• NOW 4 is aimed at employers with an (expected) loss of turnover of at least 20%;
• A maximum turnover loss of 80% (to be declared);