Profit tax in 2017 – deduction of expenses for vocational and technical education
In April 2017, through a legislative act adopting Emergency Ordinance 84/2016 amending the Fiscal Code, it became possible for employers who support vocational and technical education to benefit from several types of fiscal incentives, both in the field of taxation. profit, as well as income tax.
Specifically, companies that support vocational education (including dual education) can deduct their expenses (scholarships and educational materials for students, training and salaries for teachers) and can amortize and recover their investments in equipment and space for courses.
Dual education, as part of vocational and technical education, is organized in state, private or denominational education units based on a partnership contract that is concluded between one or more economic operators or association / consortium of economic operators, the educational unit and the administrative-territorial unit within the radius of which the school is located.
In the case of vocational and technical education, the financing from the economic operators is made on the basis of a partnership contract concluded between the educational unit, the administrative-territorial unit within the radius of which the school unit is located and the economic operator or operators. The categories of expenses for the economic operators, for the organization and development of the professional and technical education, are:
-expenses with the organization of the educational process, namely: expenses made for students, such as: scholarships and prizes offered to students, work equipment / protection, transport, meals, accommodation during the practical training at the economic operator, other facilities offered to them, respectively expenses with occupational safety and health and mandatory medical tests
-expenses for civil liability insurance in case of possible accidents, damages or bodily injuries generated during the practical training at the economic operator, etc.,
– material expenses for supporting the activities carried out during the practical training at the economic operator, representing supplies, specialized books, teaching aids, educational software, costs related to the evaluation and certification of students, raw materials and consumables and other expenses of this type,
-expenses related to the acquisition, commissioning and operation of fixed assets used at the economic operator during the practical training of students,
– expenses related to the salary and training of the own personnel of the economic operators (tutors, trainers) for the practical training of the students,
-expenses related to the training and support of teachers in the partner educational unit, as well as the amounts paid directly to teachers based on contracts concluded under the law with the economic operator or operators for other activities than those provided in the teaching norm;