In a world where technology is a key factor in success, the WBSO subsidy offers financial relief for companies who develop innovative products or production processes. This tax incentive lowers wage taxes and national insurance contributions for employees involved in R&D activities. As a result, it becomes more affordable to develop new solutions and maintain the company’s competitive edge.
With the WBSO subsidie aanvragen, a company can save up to 30% of their R&D costs in the form of a reduction of payroll taxes. This subsidy is a significant incentive for small and medium-sized businesses (SMEs), who often have limited resources to invest in innovation projects.
WBSO and European R&D Funding: Can You Combine Them?
To claim the benefit of the WBSO scheme, a business must record the amount of time spent on a project in the form of a report. It is important that these hours are logged accurately. Incorrect logging can lead to denial of the application, resulting in lost funds. In addition, it is important to ensure that the WBSO reporting is well coordinated with expected income from the Innovation Box in order to avoid double taxation.
Vectrix supports companies in the area of WBSO, helping them comply with the statutory requirements. The WBSO report is inspected regularly by the Rijksdienst voor Ondernemend Nederland (RVO). In this inspection, it is checked whether the administrative records complied with the regulations, including the accuracy of the logging of hours.…