If you want to take advantage of WBSO tax credits for research and development projects for the year 2017, you will need to act fast. There is a clearly-defined budget available on a strictly first come, first served basis.
The tax credits make it possible for you to reduce the
costs involved in R&D projects, such as wage costs and other costs and expenses associated with the development
of technically new products, software and technical and scientific research.
If you are an employer, you can submit your application up to and including 31 December 2016. The tax credits will then be applicable as from 1 February 2017.
If you are in this category, you will have an extra day to apply and will need to submit your application to the Netherlands Enterprise Agency (RVO) by 1 January 2017 at the latest.
What does WBSO stand for?
WBSO stands for Wet Bevordering Speur en Ontwikkelingswerk [Promotion of Research and Development Act]. This Act was created by the Dutch government with the aim of stimulating innovation by Dutch companies.
Who is it for?
The WBSO is intended for Dutch businesses involved in research or development projects. From start-ups, self-employed entrepreneurs and SMEs to multinationals in all sectors of industry. Public knowledge institutes are not eligible for WBSO.
How to apply for WBSO
For more detailed information and to submit your application, please visit the RVO website.