WBSO regeling (Wet Bevordering Speur- en Ontwikkelingswerk) is the Dutch government’s programme to stimulate innovation and research in the Netherlands. It allows companies, including SMEs and self-employed people, to get a tax discount for R&D. This is a reduction of the wage tax and national insurance contributions that employees have to pay for the development of technical innovation within their company.

To qualify for the WBSO subsidy, you have to keep meticulous records of the R&D projects in which your team works. You must also submit an estimate of the hours that your team will spend on these R&D activities during the year. These estimates are then checked by the RVO during inspection.

Common Mistakes When Applying for the WBSO Subsidy and How to Avoid Them

If the RVO is satisfied with your administration, it will give you a certificate to prove that you qualify for the WBSO subsidy. You must then keep meticulous records and regularly submit them to the RVO for inspection. If the RVO is not satisfied with your administration, it will give you official advice. In this case, you have to make changes to your administration so that it meets all the required conditions.

TimeChimp makes it easy for you to meet all the requirements of the WBSO subsidy and keeps precise records of the R&D work that takes place in your company. For example, you can easily record hours in one click, quickly approve hours and export them in the correct format. This will help you avoid mistakes and penalties from the RVO.