Making use of the old KOR
Making use of the old KOR
Were you a sole proprietor or partner in a partnership in 2019, and are you liable for VAT over that year? Is the amount you will have to pay over 2019 no more than €1,883? Then you can still request a reduction under the old small businesses scheme, that was in place until 1 January 2020.
Is the amount in VAT due less than €1,345? In that case, you don’t have to pay VAT over 2019 at all.
You must meet the following conditions to make use of the old small businesses scheme:
- You are a sole proprietor (eenmanszaak). Or your business is a collaboration of natural persons, such as a general or professional partnership.
- You are due to pay less than €1,883 in VAT. You have already deducted pretax from this amount.
- Your business is located in the Netherlands.
- You meet the administrative VAT requirements (in Dutch).
To calculate the reduction you can request, see the brochure (pdf, in Dutch) released by the Tax Administration. If you have any questions concerning your VAT return and your elgibility for VAT reduction, contact the Tax Information Line.