Tax allowance for companies - Deduction from company income tax for employee training expenses
- Name of the instrument - Local language
- Koulutusvähennys
- Name of the instrument - English translation
- Tax allowance for companies - Deduction from company income tax for employee training expenses
- Scheme ID
- 219
- Country
- Finland
- Reporting year
- 2015
- Type of instrument
- Tax incentive for companies
- Type of entry
- Single instrument
- Short description
Companies can deduct from their tax base expenses for training activities with the aim of maintaining and developing the employee's professional competencies. Companies can also deduct part of 'lost wages' during training activities.
- Short description of the related instruments
nap
- Level of operation
- National
- Name of a part of the country
- nap
- Name of the region (for regional instruments)
- nap
- Name of the sector (for sectoral instruments)
- nap
- Relevance
- Key scheme
- Legal basis
Laki Verohallinnosta ('Tax Administration Act')
- Objective(s) and target(s)
To promote the development of employees' competencies by making it more attractive for employers to undertake training activities for their employees.
- Year of implementation
- 2010
- Year of latest amendment
- 2014
- Operation/management
Tax authorities
- Eligible group(s)
Companies paying tax
- Group(s) with preferential treatment
None
- Education and training eligible
Training activities arranged by the employer with the aim of maintaining and developing the employee's professional competencies. The training shall be based on the compulsary training plan. The training shall relate to present or future work assignments.
- Source of financing and collection mechanism
State (loss of tax revenue)
company- Financing formula and allocation mechanisms
Expenses associated with eligible training activities; reduction of tax base.
- Eligible costs
Fees only
- Frequency of the use
Each year
- Volumes of funding
na
- Beneficiaries/take up
na
- Organisation responsible for monitoring/evaluation
Tax authorities.
- Monitoring/evaluation reports available
na
- Most relevant webpage - in English
na
- Most relevant webpage - local language
http://www.vero.fi/sv-FI/Detaljerade_skatteanvisningar/Skatteforvaltnin…
- Recent changes
As of 2014, companies can also deduct part of 'lost wages' during training activities. Previously, deductions only applied to covering expenses in relation to the training activity.
- Sources
http://www.vero.fi/sv-FI/Detaljerade_skatteanvisningar/Skatteforvaltnin…
- Short description
- Short description of the related instruments
- Level of operation
- Name of a part of the country
- Name of the region (for regional instruments)
- Name of the sector (for sectoral instruments)
- Relevance
- Legal basis
- Objective(s) and target(s)
- Year of implementation
- Year of latest amendment
- Operation/management
- Eligible group(s)
- Group(s) with preferential treatment
- Education and training eligible
- Source of financing and collection mechanism
- Financing formula and allocation mechanisms
- Eligible costs
- Frequency of the use
- Volumes of funding
- Beneficiaries/take up
- Organisation responsible for monitoring/evaluation
- Monitoring/evaluation reports available
- Most relevant webpage - in English
- Most relevant webpage - local language
- Recent changes
- Sources