Tax incentive for companies

Short description: Companies can deduct training costs from their taxable profits.
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: Taxation Consolidation Act 1997 Annual Finance Acts - that are the legal basis for the Annual Government Budget
Year of implementation: 1997
Eligible group(s): All companies
Group(s) with preferential treatment: None
Education and training eligible: Any job-related formal and non-formal education and training
Source of financing and collection mechanism: State (loss of tax revenue)
company
Eligible costs: Fees and other costs related to education and training
Frequency of the use: Each year
Volumes of funding: na
Beneficiaries/take up: na
Monitoring/evaluation reports available: na
Most relevant webpage - in English: na
Most relevant webpage - local language: na
Sources: Taxation Consolidation Act 1997 Annual Finance Acts - that are the legal basis for the Annual Government Budget

Financing adult learning database