Meanwhile, our office is working hard to get all the final 2023 applications out the door. The deadline for your WBSO application in 2023 is Sept. 30, on which day the WBSO for 2023 closes. In January, the WBSO 2024 year will start.
So a great time to look ahead to 2024 and what will change within the WBSO in 2024. For us as Subsidie Op Maat (SOM), this means visiting all our clients around this time. What projects are coming up for the next year? Are there any projects coming up on behalf of clients? How are current projects progressing and do we need to extend any WBSO projects for 2024? Over a cup of coffee, we always figure it out.
What is the WBSO subsidy?
For those less familiar with the term, WBSO stands for "Wet Bevordering Speur- en Ontwikkelingswerk." It is an incentive scheme of the Dutch government that financially supports companies in carrying out innovative research and development projects. The subsidy aims to stimulate technological innovation and increase the competitiveness of Dutch companies.
WBSO 2024 changes
As experienced grant consultants, we understand all too well how important it is to stay abreast of changes in grant programs and how they can affect your business. Every year there can be changes in grant programs, and the WBSO is no exception. It's important to stay abreast of changes to make sure we're getting the most out of the subsidy. Fortunately, we are there to keep an eye on that.
Yesterday, on Budget Day, the million note and the tax plan were presented for the year 2024. For the WBSO, the tax plan does not include any changes in the conditions and parameters compared to 2023.
WBSO 2018-2022 evaluation
In the room letter from M.A.M. Adriaansens, Minister of Economic Affairs and Climate, it is written that in 2024 there will be an evaluation of the years 2018-2022. This will discuss the new system that has been in place since last year. The new system made it more flexible for applicants and gave less administrative burden. Most reactions about this new way of working seem positive. Publication of the evaluation report is expected by the end of 2024.
Stable conditions after Prince's Day
Given the ministry has made no changes, the condition remains the same as this year:
- No changes to WBSO conditions
- No changes to the WBSO parameters
- the ministry increases the money available from 2024 so that the parameters remain the same
Thus, as an applicant, the same parameters apply in 2024 as in 2023:
- Rate1st bracket: 32%
- Rate1st bracket starters: 40%
- Limit1st bracket: €350,000 R&D base
- Rate2nd bracket: 16%
Fixed deduction self employed
Unfortunately, the Ministry of EZK will not announce the amounts you may deduct for Research and Development (S&O) in 2024 as a self-employed person and as a starting self-employed person until the end of this year.
Need help with your WBSO application for 2024? Or submit an application for this year at the last minute? Get in touch!