Keep Track of Your WBSO Subsidy With TimeChimp

In the Netherlands, companies and self-employed entrepreneurs who work on technical innovation and are faced with substantial technical challenges can claim the WBSO subsidy. This tax benefit can significantly reduce the wage costs for R&D activities. WBSO fiscale voordelen

During the application process, it is important to keep detailed records and meticulously document hours. This is necessary for the calculation of your WBSO subsidy and for inspections by the Rijksdienst voor Ondernemend Nederland (RVO). Failure to comply with the requirements can lead to an immediate loss of the subsidy or even cause a full rejection of your application.

WBSO vs. Horizon Europe: Choosing the Right R&D Incentive

It is also important to decide which method to use for calculating your WBSO subsidy. Choosing the right way depends on how large your company is and how much you are spending on R&D. In addition, it is important to be clear about the project description and the technical challenges.

Managing your WBSO administration can be time consuming, especially when you have to record the R&D hours yourself. It is easy to miss an hour and lose out on the benefit. In addition, keeping up with the administrative demands can divert teams away from innovation and growth.

With TimeChimp, it is easy to keep track of your hours and meet the RVO’s requirements. We make it simple to record and approve S&O hours in one click, and we can check whether your records comply with the statutory requirements. If you have any questions about your WBSO subsidy, we would be happy to help you.