Changes to KOR and introduction of EU-KOR: tax authorities provide clarification

• Changes in the small entrepreneurs scheme (KOR) and introduction of the EU-KOR
• The mandatory participation period of 3 years in the KOR will be eliminated from January 1, 2025
• Rejoining the KOR will be faster, with a waiting period only for the rest of the calendar year and the following year
• Foreign entrepreneurs will no longer be able to participate in the KOR from January 1, 2025
• Introduction of the EU-KOR allows for a VAT exemption in multiple EU countries from January 1, 2025
• Participants in the EU-KOR must meet certain conditions, including having the main establishment in the Netherlands and a maximum annual turnover of €100,000 in all EU countries
• Quarterly turnover reports must be submitted for participation in the EU-KOR
• More information available on belastingdienst.nl/kor and belastingdienst.nl/eu-kor.

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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