WBSO (R&D Tax Credit): Who Qualifies and What You Get
Learn how companies in the Netherlands can reduce their tax burden through R&D credits for technical research and development projects.
The WBSO is a tax incentive designed to support companies in the Netherlands that invest in technical research and development. It helps lower the financial burden of innovation by providing relief on specific taxes.
Who it's for
This scheme is available to companies that are actively performing technical research and development (R&D) activities.
What you get
If you qualify, you receive a reduction in your wage tax or income tax based on the costs associated with your R&D activities.
What it actually costs you
While the credit provides financial relief, it requires significant administrative effort. You must maintain detailed records and administration for your R&D projects to prove your eligibility. You must also submit your application before your project work begins.
The catch to know
The most important thing to remember is that you cannot apply for this credit after your work has already started. The government does not accept retrospective applications, so planning ahead is essential.
How to apply
- Prepare detailed documentation regarding your technical R&D project.
- Submit your application before the project work commences.
- Maintain strict administration of all project-related costs.
- Visit the official portal for more information: https://www.rvo.nl