WBSO subsidy easily arranged with TimeChimp
Is your company working on technical innovation or innovation? Then you are eligible for a WBSO subsidy, which significantly saves on wage costs. TimeChimp makes it easy for you to meet the requirements.
- Easy to keep track of hours: Record WBSO hours in one click.
- Approve quickly: Approve hours with full approval history.
- Easy export. Export hours in the correct format, ready to use.
The WBSO (Research and Development Promotion Act) is a government tax regulation that stimulates innovation through tax benefits. The scheme reimburses part of the (wage) costs.
- S&O hours: Record hours for innovation projects (R&D).
- Wage costs: Get a tax discount for wage costs.
- Material costs: Get reimbursed for prototypes and materials.
Want to know more about the WBSO? Click the link.
Not everyone is eligible for the WBSO grant. To receive the subsidy, you must, among other things: the following conditions comply:
- Being an entrepreneur with R&D staff who do innovation work.
- Being a self-employed person with 500 R&D hours per year.
- Accurate and complete documentation of hours, projects and costs.
Note: do you want to start with the WBSO on 1 April? Then submit your WBSO application by March 31.
WBSO calculation tool: calculate how much subsidy you will receive
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You have questions. We have answers.
It is important to document hours, projects and costs correctly and completely. With TimeChimp, you can easily record hours, project progress and actual costs per R&D project. This way, you meet the WBSO requirements and at the same time streamline your internal processes. Read more about the requirements of the WBSO grant here.
It is important to document hours, projects and costs correctly and completely. With TimeChimp, you can easily record hours, project progress and actual costs per R&D project. This way, you meet the WBSO requirements and at the same time streamline your internal processes.
Read more about this the requirements of the WBSO grant.
How much subsidy you receive depends on a number of factors, such as the amount of the salary. With a percentage of 32%, this benefit can amount to more than €20,000 per full-time R&D employee per year. Example: You apply before 2000 hours and are not a starter (36%): Your S&O hourly wage is €29, bringing the total R&D wage costs to €58,000; This brings your total R&D base to: €58,000 This means that Your benefit is €58,000 * 36% = €20,880. This is a big advantage that significantly increases the opportunity to innovate within your company.
How much subsidy you receive depends on a number of factors, such as the amount of the salary. With a percentage of 32%, this benefit can amount to more than €20,000 per full-time R&D employee per year.
Example: You make a request before 2000 hours and are not a starter (36%):
- Your S&O hourly wage is €29, bringing the total R&D wage costs to €58,000;
- This brings your total R&D base to: €58,000
- This means that your benefit is €58,000 * 36% = €20,880
This is a big advantage that significantly increases the ability to innovate within your company.
Yes, you can. As a self-employed person without staff, you can receive a fixed R&D deduction of €13,360, -, provided that you spend at least 500 hours of research and development work per calendar year. Starting freelancers are also entitled to an additional deduction of €6,684.
The S&O hourly wage is calculated by dividing the total salary of R&D employees by 0.85 times the total number of hours paid. This hourly wage is used to determine the amount of the R&D remittance reduction.
In addition to wage costs, companies with staff may also qualify for other costs and expenses that are directly attributable to R&D work. Self-employed people can opt for a flat-rate deduction or specify actual costs and expenses.
The application deadlines differ for freelancers and companies with staff. It is important to check the WBSO calendar for specific dates.
All Dutch companies that carry out research and development work can apply for WBSO. This applies to both companies with staff and self-employed people without staff (freelancers).
The WBSO (Research and Development Work Promotion Act) is a tax regulation that supports companies and the self-employed in research and development through tax benefits. Read more information about the WBSO grant here.
The WBSO (Research and Development Work Promotion Act) is a tax regulation that supports companies and the self-employed in research and development through tax benefits. Read gentleman more information about the WBSO grant.
Register your WBSO hours in one click
