After the RVO completes its assessment of your WBSO application, you will receive a formal decision. The possible outcomes are:
It's important to maintain a systematic and well-documented approach throughout your WBSO application process. Comprehensive and accurate documentation greatly enhances your chances of approval and successful utilization of WBSO tax benefits.
A software development company submits a well-documented WBSO application that clearly outlines the technical challenges and innovations involved. They receive an S&O declaration from the RVO, enabling them to claim tax reductions for their R&D project. Their thorough preparation ensured a successful outcome.
A startup's WBSO application is initially rejected due to insufficient technical details and unclear project descriptions. They review the feedback provided by the RVO, address the issues, and resubmit a revised application. The improved application is then approved after a second assessment.
A company submits a WBSO application with vague project descriptions and incomplete documentation. The RVO rejects the application due to the lack of substantial technical details. The company misses the opportunity to resubmit and does not appeal the decision, resulting in the loss of potential tax benefits.
An applicant's WBSO application is rejected. They disagree with the decision but fail to follow the correct appeal process within the specified timeframe, leading to a missed opportunity to contest the rejection and potentially secure approval.