The KOR (kleineondernemersregeling) offers VAT exemption for small entrepreneurs. Find out when you qualify, what the pros and cons are, and how to register.
The small business scheme (KOR — kleineondernemersregeling) is a VAT exemption scheme from the Belastingdienst for entrepreneurs with an annual turnover of up to € 20,000. If you apply the KOR, you do not charge VAT to your customers, do not need to file VAT returns, and issue invoices without VAT.
To apply the KOR, you must meet these conditions:
No VAT administration — you do not need to file VAT returns Lower prices — you can offer a cheaper price to private individuals (they cannot deduct VAT anyway) Less administrative work — simpler bookkeeping
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