General information on grants

General information on grants

GENERAL INFORMATION ON GRANTS

 

An artist can be awarded grants for various purposes. He or she might be awarded, for example, a working grant for covering the cost of living or a travel grant for working abroad.

Grants are awarded by many, quite different organisations, both public bodies and private foundations. For example, for taxation purposes, the nature of the grant-awarding body is significant.

Receiving a grant brings about many responsibilities, such as the obligation to obtain special pension-insurance cover with regard to the grant. The artist is also obliged to declare any grants received in his or her tax return. In addition to this, the receiving of a grant and the end of a grant period can have an effect on the artist’s eligibility to receive unemployment benefits.

Please refer to the section on grants for instructions on the taxation of grants and insurance cover related to them, along with their effect on social security benefits.

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