- The Dutch State Secretary of Finance updated the decision on VAT taxation and the application of the Small Business Scheme (KOR) for solar panels
- From January 1, 2025, the KOR will be applicable throughout the European Union
- Dutch entrepreneurs can apply the KOR in other member states if their total EU turnover remains below €100,000
- In the Netherlands, the KOR remains applicable for businesses with a yearly turnover under €20,000
- Legal rules for determining annual turnover and applying the turnover threshold in the Netherlands remain unchanged
- Changes for private solar panel owners include the removal of the minimum application period of three years for the KOR
- The KOR can now be canceled at any time, effective from the calendar quarter at least four weeks after cancellation
- The exclusion period after cancellation or exceeding the threshold is shortened to the end of the calendar year following the termination of the KOR
- This decision will take effect from January 1, 2025
- Previous decisions from June 16, 2023, and June 10, 2021, are revoked upon the implementation of this new decision
Source: taxence.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.
