Deductions in Taxes for Work Related Training

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network_engineer
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Deductions in Taxes for Work Related Training

Post by network_engineer » Tue Sep 29, 2009 11:54 pm

Hello all,

Question on taxation: I've heard that it is possible to deduct the amount that one spends on continuing education or trainings from the overall taxable income(?). Can somebody please shed light on this? Is there a limit per year?

The other thing: One part of the continuing trainings that I plan on is not available in Finland, so I plan to undertake this in some other country (such as the UK, US or Singapore). I would assume that the company would give me a proper receipt, can I deduct these as well or does it have to be a Finnish company?

Thanks a lot.

Kind regards.



Deductions in Taxes for Work Related Training

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Pursuivant
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Re: Deductions in Taxes for Work Related Training

Post by Pursuivant » Wed Sep 30, 2009 9:11 am

Dunno... my boss has been very keen to pay for if I say went to Arcada for night school "on my own time". I think you need to call the tax office and ask exactly what they accept, it goes somewhere in the spot where theres freelancers and what they can deduct like an author can deduct pencils... :roll:
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Something wicked this way comes."

umit
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Re: Deductions in Taxes for Work Related Training

Post by umit » Wed Sep 30, 2009 5:13 pm

One of my friends, who is self-employed in Finland, said he will be attending a training program in Japan soon. And since this training is related to his business, he would be able to deduct the expenses (even flight tickets and accommodation) from his income tax.

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network_engineer
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Re: Deductions in Taxes for Work Related Training

Post by network_engineer » Wed Sep 30, 2009 6:51 pm

Hi!

Yes, that is what I heard as well, i.e. if you an entrepreneur. Question is: What if you are employed?

Kind regards.

tuulen
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Re: Deductions in Taxes for Work Related Training

Post by tuulen » Wed Sep 30, 2009 7:15 pm

I think Pursuivant is right, that contacting the tax office, or consulting with a tax expert, appears to be the right thing to do in this situation. The alternative appears to be for you to make an assumption, one way or the other, while saving all of the receipts for any of your expenses, and to then wait until tax filing time to find out if your assumption was right, or not. Honestly, however, I would do as Pursuivant suggested.


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