I just had an interesting talk with the accountant of MBA Solvay about the possibility of deducting the cost of the MBA from taxes. He has explained that it can be done, but that there is no general rule that can be applied, and stressed that you should always speak with your accountant to understand if and how it could be done in your case.
If you are employed and would like to deduct the cost of the MBA from your taxes you can do so as long as the content of the MBA is directly linked to your current job and profession, it has to be needed for your job. Together with the invoice, you should attach a letter with your tax form explaining why is it necessary for your current job: you have to prove it is needed to keep or maintain your current job, not to change jobs nor to get a promotion.
If you are a freelancer (independant) you can deduct it as an expense, as the knowledge you get is directly relevant.
Companies paying the MBA for their employees can also deduct the bill as an expense.
But remember, always check with your accountant to see if and how you can deduct it from your taxes.
It was great to spend the morning with Chiara talking to possible...