What is WBSO subsidy?
Who is the WBSO for? 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?
The WBSO R&D tax credit scheme is meant to stimulate innovation. With the WBSO part of your costs and expenses for R&D projects are compensated via you tax return. Then the WBSO compensates part of your wage costs and expenses through the tax deduction for research and development (in Dutch).
What does Wbso stand for?
| WBSO | Wet Bevordering Speur- en Ontwikkelingswerk Business » Companies & Firms | Rate it: |
|---|---|---|
| WBSO | Web Based Supply Ordering Business » General Business — and more… | Rate it: |
| WBSO | AM-650, Clinton, Maassachusetts Community » Radio Stations | Rate it: |
| WBSO | Wet Bevordering Speur en Ontwikkelingswerk (Afrikaans) International | Rate it: |
Which is an example of a WBSO project?
Flying cars, 3D metal printers, energy-generating dance floors and sustainable prams. Just a few examples of the innovative products developed by Dutch entrepreneurs thanks to the WBSO R&D tax credit. If your business carries out research and/or development projects you may be able to make use of the research and development tax credit: WBSO.
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.
When to apply for the WBSO tax credit?
Read more about the tax credit benefits for startups. You may apply the WBSO R&D tax credit at any time, but only for future activities. This means you must always submit an application in advance. Your application should include a description of a single or multiple R&D projects.
How does the WBSO are & D tax credit scheme work?
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. 2 types of projects are supported: