- Changes to the small entrepreneurs scheme (KOR) will take effect from January 1, 2025
- Introduction of the EU-KOR, allowing for application in other EU countries
- Approximately 300,000 KOR participants will receive a letter about the changes and introduction of the EU-KOR
- Key changes to the KOR include the removal of the mandatory 3-year participation period
- Reapplication for the KOR will be quicker, with a shorter exclusion period
- Registration for the KOR can be done easily and quickly through Mijn Belastingdienst Zakelijk from October 1, 2024
- Foreign entrepreneurs with a permanent establishment in the Netherlands will no longer be eligible for the KOR from January 1, 2025
- Introduction of the EU-KOR allows for VAT exemption in multiple EU countries where business is conducted
- 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 EU-KOR participation
- More information can be found on belastingdienst.nl/kor and belastingdienst.nl/eu-kor
Source: belastingdienst.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.
