Is the small entrepreneurs scheme interesting for you? Check before 2 December!

• Deadline for signing up for the small entrepreneurs scheme (KOR) is December 2, 2023.
• The KOR can be beneficial for businesses with an expected annual turnover below €20,000.
• If you participate in the KOR, you are exempt from paying VAT and do not need to file VAT returns.
• The KOR is advantageous if you have mostly private customers and few business expenses.
• Participating in the KOR reduces administrative burden and allows for potentially lower prices.
• The KOR is less beneficial if you receive VAT refunds, have mostly business customers, or have significant purchase costs or investments.
• To sign up for the KOR, the application form must be submitted to the Tax Authorities by December 2.
• More information and assistance can be found on the Tax Authorities’ website.

Source: fiscaalvanmorgen.nl

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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