Tax Deduction and Financial Benefits

In Austria the tuition fee and all other costs incurred (e.g. travel expenses or accommodation) are fully tax deductible for employees as well as for self-employed persons. Depending on your income, you can save up to 50% of the tuition fee.

If your company covers the tuition fee (or a part of it) this may be a win-win situation for both sides. Unlike bonuses, for example, tuition fees are exempt from taxation and the financial advantage amounts up to 50%. And, your employer benefits too because there are no payroll related costs. Moreover, the Austrian state shares the costs with the employer and covers 31% (in case of a public limited company) or 61% (in case of an individual enterprise). As for the employers, not only tuition fees are fully deductible, they are also entitled to a 6% education bonus or a 20% education tax exemption alternatively.

For information about tax deductions in Austria please contact the Austrian Federal Ministry of Finance or your tax consultant. For tax arrangements of other countries please refer to the responsible institution of the respective country.

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