STAP budget to replace deduction for schooling
Effective date: 1 January 2022
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What changes?
Do you employ staff? The STAP budget (Stimulans ArbeidsmarktPositie). aims to improve employees' position on the labout market. The self-development budget will replace the tax deduction for employee schooling.
The STAP budget allows employees to continue to develop their skills. They can apply for a STAP budget of up to €1,000 per person, to be used for courses, trainings and schooling. That way, they will remain of value on the labour market.
Employees will be able to deduct schooling costs from their income until 1 January 2022.
For whom?
Entrepreneurs with small or medium businesses who employ staff
When?
The change in law in expected to come into force on 1 January 2022.