TVETipedia Glossary

Tax incentives

Tax incentives to individuals consist of tax code-regulated deductions of costs incurred in education and training, either from individual income tax bases or the amount of tax due. Tax incentives can cover initial education and continuing training, and also target specific courses.

Source:
ILO, Financing mechanisms for promoting social inclusion in skills and lifelong learning systems: Global overview of current practices and policy options, 2023
ILO, Financing mechanisms for promoting social inclusion in skills and lifelong learning systems: Global overview of current practices and policy options, 2023
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The report analyses pros and cons of practices around the world, shedding light on the policy options to improve access to and participation in skills development and lifelong learning of disadvantaged people.