How to Leverage the WBSO Subsidy
The wbso subsidie is a Dutch tax incentive that helps companies with the renewal and stimulation of technical innovation. It provides benefits in the form of reduced wage taxes and costs of R&D projects. This subsidy is available for all companies that pay payroll taxes and for independent entrepreneurs. It can be used for product development, production process development and software/program development. The financial uplift it offers varies and depends on several factors like the company’s size, project scale and allocated hours/costs of R&D.
Who Qualifies for the WBSO Subsidy? Eligibility Explained
The key to successfully leverage the WBSO subsidy is well-informed administrative management of time registration, project descriptions and costs. We advise you to work closely with an expert that understands these complexities. This will help you to avoid any mistakes and ensure that your administration complies with the RVO rules in case of an inspection.
It is important to keep meticulous records of the R&D activities that are carried out by your employees, and the associated costs and expenses. These are required for the WBSO application and must be able to prove that the activities actually took place. This is why we recommend to use a tool that supports this, such as TimeChimp.
In order to achieve maximum benefits from the WBSO Subsidy, it is advisable to combine this with other, larger grants such as the Innovation Box or the MIT Feasibility grant. This enables you to kill two birds with one stone, so to speak: first reduce your R&D costs through the WBSO and then benefit from a lower tax burden on the resulting profits through the Innovation Box.
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