The Romanian Parliament adopted (with 250 votes in favor, 9 abstentions, 1 vote against), an amendment to the Fiscal Code by which companies benefit from a tax credit when they pay for early education services for employees' children, in a maximum amount of 1500 lei / month, which is deducted either from the profit tax due to the state, or from the payroll tax withheld by taxpayers for employees, or from the VAT due or from the excise duties due.

At the same time, companies that invest in dual university or pre-university education can deduct the expenses incurred with the organization and development of this type of education. Moreover, in order to stimulate them to get closer to the academic environment, the amounts invested and the fixed means owned and used for the organization and development of pre-vocational and technical education, dual pre-university and university education are depreciable.

 According to the project adopted on Tuesday, October 13, 2020, scholarships, awards and other rights in the form of accommodation, transportation, protective equipment received by pupils and students during dual pre-university / university, vocational and technical education are not taxed.

>> Read more about the benefits of this new legislation here.