Scholarships for pupils and students for full-time education at home and abroad at high schools, colleges and universities (Article 9, paragraph 1, item 14 of the Income Tax Act) can be paid tax-free up to the amount of 560 euros per month. The scholarship can also be paid in months when there are no classes/lectures. Good to know – it does not apply to elementary schools, part-time students and doctoral studies.

For the above, you need a confirmation from the school/university/faculty about the regular status of a pupil or student, which is delivered at the beginning of the year.

Statement on received scholarships of the student in case he receives several scholarships.

And the decision on the payment of the scholarship.

You can make the scholarship payment cumulatively for several months of the same or previous tax period.

Good to know – Scholarships are not taken into account when determining the right to a personal deduction for parents, which means that regardless of the scholarship, students can increase personal deduction  of their parents.

For more information, feel free to contact us at info@finacro.hr.