- The small business scheme (KOR) is a VAT exemption that can be used in any legal form as long as the turnover remains below €20,000 per year.
- Starting from January 1, 2025, there will be changes to the KOR, including the elimination of the mandatory three-year participation period.
- From October 1, 2024, it will be easier and faster to sign up or cancel the KOR through the online portal Mijn Belastingdienst Zakelijk.
- Rejoining the KOR will be quicker, with the exclusion period only applying to the remainder of the calendar year and the following year.
- Foreign businesses with a fixed establishment in the Netherlands will no longer be eligible for the KOR from January 1, 2025.
- The EU-KOR will be available for businesses based in the Netherlands from January 1, 2025, allowing VAT exemption for small businesses operating in other EU countries.
- To qualify for the EU-KOR, the main establishment must be in the Netherlands, the annual turnover must be below €100,000 in the EU, and certain conditions must be met.
Source: vanoers.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.
