Keizersgracht 62

1016 CS Amsterdam

+31 (0)20 520 7991

Lines close at 4pm

Mon-Fri: 9am - 5pm

Our office hours

KOR Small entrepreneurs discount in the VAT

LinkedIn
Facebook
YouTube

In case you are regarded a small entrepreneur in the VAT, you do not actually need to pay the (full) amount of VAT. When are you regarded a small entrepreneur and how to apply for this discount? Read more about the KOR small entrepreneurs.

A small VAT entrepreneur is a VAT entrepreneur that needs to pay overall in a year less than € 1.883 in VAT. In this respect only persons operating via a so called eenmanszaak (one man company) can qualify for this rule. No BV companies or other limited liability companies.

Example calculation. You have to pay overall in the year 2014 € 1.000 in VAT. Then the calculation is € 1.883 minus € 1.000 is € 883. The € 883 is multiplies by 2,5, which is € 2.207. € 2.207 is more than € 1.000 hence no VAT is to be paid.

Another example. You have to pay overall in the year € 1.500 in VAT. Then the calculation is € 1.883 minus € 1.500 is € 383. The € 383 is multiplied by 2,5, which is € 958. Then you claim the KOR (small business discount) for the amount of € 958, resulting in only € 542 VAT to be paid.

Is the discount money in your pocket. No, the discount resulting from the KOR is regarded part of your result. In second example you see a discount of € 958. This amount is added to the company’s result. Paying tax over € 958 is always less than paying the actual € 958 hence this is an advantage.

Share:

Facebook
LinkedIn

Reach out to us on Social Media

Recent posts

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.

Expats in NL podcast featuring Arnold!

Main pages overview

On Key

Related Posts

2024 tax assessment

2024 tax assessment

The 2024 tax assessment. Maybe you already received it, and the year hardly began! Can I not simply ignore it? No you cannot. Here is