Taxation and grant certificate

Grants are tax-exempt in Finland up to the amount equivalent to the Finnish state grants for artists (in 2023 that is €25.547,52 per year).

Grantees do not submit a tax deduction card to the Foundation. The Foundation does not make any tax deductions from the grants, even when the amount of funding already paid to the recipient within the same calendar year exceeds the maximum tax-exempt amount.

Kone Foundation notifies the Finnish tax authorities in January of the grants paid out during the previous year. The recipient of a grant must declare it in the tax declaration.

Please consult the tax administration on the deductibility of expenses such as pension payments, books and materials or travel expenses. Further information on taxation matters regarding grants can be found at the Finnish Tax Administration website: https://www.vero.fi/en/individuals/

GRANT CERTIFICATE

In most cases, the grant approval letter serves as a valid certificate for the grant.

If you require proof of payment of the grant, you or your project leader can download a PDF certificate from the online grant service on the “Payment request page” for each grantee (go to “Account info” and scroll to the PDF icon below “Grant recipient”).

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