The Small Business Scheme explained
Turnover limit Small Business Scheme
A condition of the KOR is that your turnover does not exceed € 20,000 per year (excluding VAT). Do you already use the KOR, and do you exceed the turnover limit? Then, you have to stop the KOR. This is the only reason how you can get out of the Small Business Scheme within three years. You must immediately apply the regular VAT rules again. The following items count towards the turnover limit:
Is the Small Business Scheme beneficial?
Apply for the Small Business Scheme
Do you think that the KOR is interesting for you after reading this article? You can easily register via the Dutch tax authorities. What is important to know is that your application must be received no later than four weeks before the starting date. Do you want to use the KOR from October 1? Then, make sure your application is received before September 3!
We are happy to help!
Are you still unsure whether applying the Small Business Scheme (KOR) is beneficial in your situation? We then recommend engaging a tax advisor. We are happy to help you! Please feel free to contact us using the information below.