Developing innovative products and wbso subsidie costs money. In the Netherlands you can get a financial boost for this through WBSO (Wet Bevordering Speur-en Ontwikkelingswerk, Salaries Tax and National Insurance Contributions (Reduced Remittances) Act). WBSO is a subsidy that financially supports companies in research and development work. In order to qualify for the WBSO subsidy, you must meet certain conditions. These include accurate time registration, and the completeness of your project documentation.
The application process for the WBSO subsidy is fully digital and managed by Rijksdienst voor Ondernemend Nederland (RVO). The digital application consists of three parts: identification of the company, a description of the project, and estimating the R&D hours and costs.
Wat is WBSO? Alles over de Innovatieregeling voor Nederlandse Ondernemers
After approval, you must submit a quarterly report via the online portal to the RVO, in which you provide a detailed overview of the actual hours worked and expenses incurred in connection with your qualifying R&D activities. The RVO will compare these with the estimates in your initial application and will adjust the amount of the subsidy accordingly.
In addition, you must keep all project documents and time records for the duration of the WBSO period. This ensures transparency and accuracy. It also makes it easier to comply with the administrative requirements, especially in the event of an inspection by the RVO. With TimeChimp, you can use labels for WBSO projects to clearly distinguish them from other activities. You can also easily export your WBSO hours to Excel for delivery.