As an entrepreneur, you may benefit from the Innovatie WBSO, which allows you to deduct wage tax for R&D. This scheme is intended to stimulate research and development. It is available to all companies, including start-ups, and all Dutch businesses that conduct R&D activities. It covers development work that involves a technical risk or uncertainty, such as product development, process development, software development and technical scientific research.

To receive the subsidy, you must accurately log your hours. This is important because the WBSO (Wet Bevordering Speur- en Ontwikkelingswerk) scheme requires precise time registration for R&D. Inaccurate logging can cause your claim to be denied, which means that you are losing valuable financial support for innovation.

WBSO Subsidy for Software Development: What Qualifies?

The WBSO scheme is administered by the Netherlands Enterprise Agency (RVO). The R&D tax credit reduces the amount of wage taxes and social security contributions that you pay for employees working on a project. The discount is based on an estimate of your actual wage costs for the project. You can choose from a fixed sum method or an actual costs and expenses method.

The WBSO scheme is a vital tool for stimulating innovation in the Netherlands. It is therefore important to keep detailed records of your R&D work, such as the hours worked and project administration. You also need to have a clear overview of the nature, content and progress of each project. The RVO can inspect your documentation up to 7 years back.…