What is WBSO subsidy?
The WBSO is intended for all Dutch companies liable for wage tax, but also for independent entrepreneurs liable for income tax and who are developing a new technical process or product. With the WBSO subsidy you can lower your monthly staffing costs.
How does WBSO work?
What is the WBSO scheme? The WBSO R&D tax credit scheme basically means businesses pay lower wage tax and lower national insurance contributions, and self-employed entrepreneurs can deduct an (annually set) fixed amount for R&D when filing their income tax return. Startups are given extra compensation for R&D work.
How to apply for WBSO?
You can apply via the online application portal. For WBSO you need eHerkenning level 3. Please, apply in time as the application procedure takes a few weeks. If you have applied before, all your former applications are available in the portal.
What is innovation box?
The innovation box is part of your corporate tax return. In it, you list the profits you make from one or more innovations that your company did the R&D for. You pay 7% corporate income tax over the profits listed in the innovation box, instead of the normal 25% .
What is the Dutch innovation box?
Innovation box in general The Dutch innovation box regime provides for the possibility to be effectively taxed at a reduced rate of 9% (instead of the regular corporate income tax rate of 15%-25%) with respect to income from qualifying intangible assets.
What does WBSO stand for in tax category?
This category covers the development of technically new physical products, physical production processes or software (or parts thereof). This category covers explanatory research of a technical nature. You may apply for the WBSO R&D tax credit for:
What are the conditions for applying for the WBSO?
Your R&D-development project must meet the following conditions before you can apply for the WBSO: the proposed R&D activities take place in your own company; the technological development is new to your organisation; the development is accompanied by technical problems;
How much does the Dutch government spend on WBSO?
Each year, the Dutch government allocates the WBSO budget as part of the Tax Plan. For 2021, the WBSO budget is €1,438 million. If the available budget is over- or underused, it is compensated 2 years later, for instance through adjustment of the parameters.
What are the requirements for the WBSO tax credit?
If you want to apply for the WBSO R&D tax credit your company and your project have to meet certain requirements. entrepreneurs who are subject to income tax and meet the Tax Administration’s hours criterion. They must spend at least 500 hours on R&D per calendar year.