WBSO subsidy is a tax benefit for companies that work on research and development. Companies can apply for this tax credit to reduce their wage tax and national insurance contributions, making it more affordable to carry out R&D projects that drive technological innovation. This makes it more affordable for companies of all sizes to explore new opportunities and develop innovative solutions to remain competitive in a changing economy. More info :https://hgm.eu/

WBSO (Wet Bevordering Speur-en Ontwikkelingswerk) is a Dutch government programme to stimulate innovation through a discount on wage tax and project-related costs and expenses. The programme is aimed at all Dutch businesses – from startups to large companies. It can be used to pay for product development, production techniques, software development and technical scientific research.

Understanding WBSO for High-Tech Startups

To qualify for the discount, you must comply with certain requirements. To meet these requirements, it is important that you maintain accurate administration of your WBSO hours and projects. If you do not, a civil servant can review your administration and advise you on how to improve it. In some cases, a civil servant may even reject your application for the subsidy.

The right administration is important because the Rijksdienst voor Ondernemend Nederland (RVO) will look at your WBSO hours and projects when you submit your WBSO application or at a subsequent inspection. With TimeChimp you can keep accurate records and easily export your WBSO hours in the correct format. This way you can prove to the RVO that you comply with the required regulations and therefore qualify for your WBSO subsidy.