1 00:00:04,480 --> 00:00:09,240 No, the small businesses scheme, or KOR, is not mandatory. 2 00:00:09,680 --> 00:00:14,120 However, it may be interesting for you, as it reduces your administration. 3 00:00:15,080 --> 00:00:21,840 This is because you do not charge your customers VAT and usually you do not have to file a VAT return. 4 00:00:23,120 --> 00:00:24,520 Do you want to use the KOR? 5 00:00:25,000 --> 00:00:28,400 You can if you are an entrepreneur for VAT... 6 00:00:29,160 --> 00:00:32,680 ...have an annual turnover of €20.000 or less... 7 00:00:33,080 --> 00:00:35,520 ...your company is established in the Netherlands. 8 00:00:36,720 --> 00:00:38,640 Would you like to know more about the KOR? 9 00:00:39,200 --> 00:00:42,960 Read all about it and more on Business.gov.nl.