Changes have been introduced to the tax benefits system for payments made for education in professional and higher education institutions by the decision of the Tax Committee.
Now, for higher education institutions, when parents make contract payments, a personal income tax exemption is granted regardless of the child's age.
According to the Tax Code, personal income tax is not levied on the taxable wages and other incomes of citizens directed toward payments for themselves, their children, as well as their spouses under 26 years of age in higher education institutions.
Additionally, a tax deduction is granted to the student, their parents, or their spouse under 26 years of age when payments are made for their own education, their children's education, or their spouse's education.
