Grants & Scholarships
Source: https://www.tuwien.at/en/ace/programs/grants-scholarships/tax-deduction-and-financial-benefits Parent: https://www.tuwien.at/en/ace/programs/masters-programs/msc-renewable-energy-systems/application/fees-financing
Tax Deduction and Financial Benefits
For employees, self-employed persons and companies in Austria, there are numerous tax benefits in connection with expenses for continuing education.
Tax benefits for employees
The tuition fee is tax deductible for employees ("Werbungskosten"). Furthermore, other related costs (e.g., work equipment, specialist literature, travel expenses, etc.) are also deductible. Depending on your income, you can save up to 50% of the tuition fee.
Tax benefits for the self-employed persons
Self-employed persons have the option of deducting the tuition fee expenses as business expenses on their income tax returns ("Betriebsausgaben). Furthermore, other related costs (work equipment, specialist literature, travel expenses, etc.) are also deductible.
Tax benefits for companies
For Austrian companies, training costs as business expenses reduce the tax base (see § 4 EStG “Betriebsausgaben”). In addition to tuition fees, other related costs (work equipment, specialist literature, travel costs, etc.) that are covered by the employer can also be recognised as business expenses.
Tax benefits for employees and companies
When a company provides financial support for its employees' continuing education programes instead of paying bonuses, it is a win-win situation for both sides:
- For employees, tuition fees are tax-free, resulting in a financial benefit of up to 50%.
- There are no payroll related costs for the employer, and the expenses for further training are tax-deductible.\
Für nähere Informationen wenden Sie sich bitte an Ihre/n SteuerberaterIn oder an das Bundesministerium für Finanzen.
For further information, please contact your tax advisor or the Federal Ministry of Finance.
Other countries may have similar tax arrangements, slightly varying from the Austrian system. For detailed information in this regard please refer to the responsible institution of the respective country.
Quality Manager
Mag. Carolin Gappmaier
+43-1-58801-41720
Quality Manager
Mag. Carolin Gappmaier
+43-1-58801-41720