- 300,000 entrepreneurs participating in the small entrepreneurs scheme (KOR) will receive a letter from the Tax Authorities about changes to the KOR and the introduction of the EU-KOR by January 1, 2025
- Changes to the KOR include the ability to opt out at any time and no longer having to participate for a minimum of 3 years
- The EU-KOR allows Dutch entrepreneurs to apply for a VAT exemption in another EU country
- Registration for the KOR will be easier starting October 1, through My Tax Authorities Business
- New rules for the KOR in the Netherlands will take effect on January 1, 2025 for both existing and new participants
- Entrepreneurs can voluntarily opt out of the KOR starting January 1, 2025
- Introduction of the EU-KOR allows entrepreneurs to apply for a VAT exemption in other EU countries starting January 1, 2025
- Registration for the KOR will be online only starting October 1
- Consider if the KOR is beneficial for your business and submit the registration form by December 3
- For more information on the EU-KOR, visit 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.
