Making use of the old KOR
Making use of the old KOR
Do you still have to file a VAT return for a year prior to 2020, and is the amount of VAT you would have to pay higher than €1,345, but less than €1,883? Then you can still request a reduction under the old small businesses scheme (KOR), 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).