How does the Debt Collection Services Quality Act (Wet Kwaliteit Incassodienstverlening, WKI) work within Payt?
The WKI has come into force on 1 October 2024. This legislation applies specifically to companies that have long-term agreements with natural persons.
For instalment payments of up to € 266.67, the collection costs depend on the number of instalments that have not been paid on time within a period of six months after a reminder has been sent.
That is why you need to indicate in Payt whether you fall under the Debt Collection Services Quality Act (WKI). This is based on two characteristics:
- Whether you have natural persons residing in the Netherlands as debtors
- Whether you invoice (partly) on the basis of continuing performance contracts
Payt imports information from the accounting package, including whether your debtors are business or private individuals. Therefore, you only need to indicate whether you invoice (partly) on the basis of continuing performance contracts.
Want to read more about this legislation? Read the announcement of this decree here (Dutch).
What is meant with natural persons?
A natural person is someone who is jointly and severally liable for paying an invoice. This concerns consumers, of course, but also self-employed persons or partners in a general partnership (VOF). This legislation only applies to persons residing in the Netherlands. If you provide your service exclusively in other countries, this legislation does not apply.
What is meant with invoicing based on long-term contracts?
Invoices based on a term agreement are periodic invoices, for example monthly, based on the same contract. This could entail rent, lease, energy, storage, (child) care, maintenance or other contracts where you provide and invoice a service or product on an ongoing basis.
This generally refers to a continuous contract that only ends on termination or if it is not renewed. What this does not include is when someone regularly purchases from you, but each time as a separate order.