Uzbekistan has offered a tax break for children’s education for several years. It lets you get back up to 3 million sum a year from what you pay for private kindergarten and school. We talked to tax offices and accountants to figure out how it works. Here we explain who can use it, how much you can get back, how to apply, and why your request might be rejected.
How the benefit works and how much money you can get back
The benefit allows you to receive 12% of the amount paid for a child’s education. The benefit limit is up to 3 million sum for a child’s education. If a parent pays 3 million sum or more, they can receive:
- 360 000 sum per month
- 4 320 000 sum for 12 months
The benefit is calculated separately for each child by reducing income tax.
Income tax (personal income tax) — is a tax in the amount of 12% of your official income: salary, fees, rental income, and so on.
Who can get a benefit
The benefit is received by parents (adoptive parents) who pay income tax and pay for their child’s education in a private kindergarten or school. The payment receipts must show the name of the person who receives the benefit.
When the benefit will be refused:
There is no income from which the parent paid income tax
The parent worked and paid for education in different months of the year
The education was paid for from a pension and the parent has no income
The child studies abroad
The benefit can be arranged through the employer, in the accounting department, online, or at the tax office.
How to get a tax break through your accounting department
If you are employed and your employer acts as your tax agent, sign a three-party agreement before paying for the education. It should be signed by you, your employer, and the private kindergarten or school. For this you need:
