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Taxation and grant certificate

Grants awarded for individual residencies are tax-exempt up to an amount equivalent to the state’s annual artist grant (€26,988.24 per year from 1 January to 30 September 2026, and €27,555.00 per year from 1 October to 31 December 2026).

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: 

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 responsible person of the workgroup 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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