Tax credit for students continuously preparing for future employment

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Name of the instrument - Local language
Sleva na studenta, kterż se soustavne pripravuje na své budoucķ povolįnķ
Name of the instrument - English translation
Tax credit for students continuously preparing for future employment
Scheme ID
39
Country
Czechia
Reporting year
2020
Type of instrument
Tax incentive for individuals
Sub-type of instrument
Incentive for particular training activities and/or particular groups
Type of entry
Single instrument
Short description

Tax-paying students (up to 26 years old, or 28 years old in doctoral programmes) (ISCED 3-8 level) can receive a tax credit of up to CZK 4 020 per year (approx. EUR 159 per year) during the tax filling. The eligible costs are not defined, tax credit applies to any taxed income regardless of source. The students must have some taxable income in order to claim the tax credit. The tax incentive can be used in each calendar year.

Level of operation
National
Name of a part of the country
Not applicable
Name of the region (for regional instruments)
Not applicable
Name of the sector (for sectoral instruments)
Not applicable
Relevance
Further instrument
Act 586/1992 on income tax
Objective(s) and target(s)
The legal act does not give any objectives
Year of implementation
2006
Operation/management
Ministry of Finance through General Financial Administration Office. Ministry of Finance is a tax revenue collector.
Eligible group(s)
All tax-paying students up to 26 years (or 28 years in doctoral programmes) obtaining the qualification of ISCED 3-8 level and preparing for future employment in full-time or combined formal education programmes.
Group(s) with preferential treatment
No preferential treatment
Education and training eligible
All accredited initial formal education and training programmes leading to obtaining the qualification of ISCED 3-8 level
Source of financing and collection mechanism
State (loss of tax revenue). Tax credit, through tax filing.
Financing formula and allocation mechanisms
Tax-paying students (up to 26 years old, or 28 years old in doctoral programmes) (ISCED 3-8 level) can receive a tax credit of up to (maximum) CZ 4 020 per year (159 per year) during the tax filling.
Eligible costs
Not applicable, tax credit applies to any taxed income regardless of source. Individual must have some taxed income in order to claim.
Volumes of funding
Overall costs for students of all ages (no breakdowns for the group 25+ is available):2016: CZK 114 647 385 (approx. EUR 4 239 134)2017: CZK 127 990 100 (approx. EUR 5 024 342)2018: CZK 139 818 950 (approx. EUR 5 384 486)
Beneficiaries/take up
Total beneficiaries of all ages (estimate, no breakdowns for the group 25+ is available):2016: 35 5182017: 39 4042018: 42 789
Organisation responsible for monitoring/evaluation
Ministry of Finance (in general responsible for tax administration through General Financial Administration Office)
Monitoring/evaluation reports available
Not available
Most relevant webpage - in English
Not available
Most relevant webpage - local language
https://www.financnisprava.cz/assets/cs/prilohy/d-danova-statistika/VU_…
Recent changes

No recent amendment

Recent changes in response to COVID-19

No changes

Sources
General Financial Administration Office
Czech Statistical Office Schools and school institutions, Tab. 126 HEIs public and private - students in study programmes in 2008 - 2018 https://www.czso.cz/documents/10180/90577081/23004219126.pdf/8ec20386-d…
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