Developing new products, technologies and software is costly. The WBSO Subsidie is a financial aid that reduces these costs, and that applies to companies that pay payroll tax as well as (starting) entrepreneurs without employees (ZZP’ers and sole proprietors).
The subsidy works by reducing wage tax for R&D work carried out in the Netherlands. The R&D-tax benefit is based on specific legislation and can be obtained for activities that involve research into technical change and development. This includes the development of physical products, production processes and software/program code.
What Is the WBSO Subsidy? A Complete Guide for Dutch Businesses
To qualify for the subsidy, you must be able to prove that you have carried out enough R&D-work in order to meet the set criteria. To do so, you need to provide accurate project administration and time registration. This is a crucial component of the application and an essential requirement for success.
In addition, RVO periodically announces control visits in which all administrative documentation related to the WBSO is inspected. Vectrix can help you ensure that your documentation meets the statutory requirements, so that there are no surprises during the control visit and you have every chance of keeping your WBSO.
In addition to lowering your innovation costs, the WBSO subsidy can also be a springboard for additional grants. For example, the Innovation Box (also known as the Patent Box), which offers a reduced corporate tax rate of 9% on profits resulting from patented innovations and other intangible assets developed through R&D. The WBSO and the Innovation Box are closely interlinked, which makes them a powerful combination that helps you maximize the return on your investment in innovation.
…