The KOR is a VAT exemption. You can use it if your turnover does not exceed €20,000 per calendar year. The advantage is that you no longer have to file VAT returns, as you will no longer receive VAT. Consequently, you don't have to remit it either. On the other hand, you can no longer reclaim VAT on expenses you incur.
Do you have few expenses and do you work as a freelancer via YoungOnes occasionally? Then the KOR is a useful scheme to keep things simple.
Signing up for the KOR? Does the KOR scheme appeal to you? You can sign up via Mijn Belastingdienst Zakelijk. Until the KOR takes effect for you, you will still receive VAT on all your invoices. Do not forget to indicate this on your YoungOnes profile. Once the KOR has started, the scheme will be applied to all invoices created from that moment onward.
Notify us of your decision It is your responsibility to correctly inform us whether or not you are using the KOR and from which date. We cannot change the VAT on invoices retroactively. You can provide this information via the YoungOnes app.
