- Increasing number of Dutch people signing up for the small entrepreneurs scheme (KOR) to be exempt from VAT
- Over 10,000 people have signed up since September, three times more than last year
- KOR is for businesses with a turnover of up to 20,000 euros per year, only exempt from VAT
- From January 1, 2025, KOR will be more flexible with no mandatory three-year participation period
- EU-KOR will allow entrepreneurs in other EU countries to use the scheme from next year
- The Tax Authorities provide online guidance and a webinar on the changes coming into effect on January 1
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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