Training Tax Credit

Why a Training Tax Relief?

Qualified employees are an important and essential issue for modern businesses. It‘s the reason why many governments encourage training policies in the companies.

One of the possible incentives is the Training Tax credit witch result in a lower tax to be paid for the eligible training costs in the company.

What is a Training Tax Credit?

The training tax credit allows a company subject to corporation tax (or, in some cases, income) to benefit from a tax reduction if incurring training expenditures beyond the legal obligation

The TTC could be based on the salary and wages you pay to eligible employees or directly on the effective cost of training in the company. Depending on the law in force, the eligible costs could be internal, external or both.