Changes to KOR and introduction of EU-KOR from January 1, 2025 – November 6, 2024

• Changes to the small entrepreneurs scheme (KOR) will take effect on January 1, 2025
• Introduction of the EU-KOR, allowing entrepreneurs to apply for the scheme in other EU countries
• Key changes to the KOR include the removal of the mandatory 3-year participation period and faster reapplication process
• Participation in the KOR requires a maximum annual turnover of €20,000
• Foreign entrepreneurs will no longer be able to participate in the KOR starting January 1, 2025
• The EU-KOR allows entrepreneurs to apply for a VAT exemption in multiple EU countries where they conduct business
• Participants in the EU-KOR must meet certain conditions, including having their main establishment in the Netherlands and a maximum annual turnover of €100,000 across all EU countries

Source: taxlive.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.

---

---