Contract student, pay attention! This is interesting to know!

We would like to inform you that there is such a thing as a tax deduction for education.

What is it?!

After a visit by a representative of the trade union committee of ZNTU students to the State Tax Service (hereinafter referred to as the State Tax Service), we learned that:

For example, if in 2012 a taxpayer (in our case, a student, his father or mother, who are officially employed) paid for education (secondary vocational or higher education) or education of a member of his family of the first degree of kinship, then he is entitled to a tax deduction.

A taxpayer can return the amount of money spent on education from the budget, but not more than 15% (tax rate).

To receive such a deduction, the taxpayer (in our case, a student, his father or mother, who are officially employed) must by 31 December 2013 inclusive, that is, throughout 2013, submit an annual tax declaration on property status and income to the State Tax Inspectorate at the place of residence.

It is necessary to have documents confirming the amounts of funds paid for education (receipts, fiscal or commodity checks, cash receipts, a contract with an educational institution, a certificate of income received in the reporting year)

Copies of all these documents are submitted to the State Tax Service authorities, along with a declaration, which will be completed by State Tax Service employees.

It is important to know that if by the end of 2013 the taxpayer does not exercise the right to accrue a tax discount for the results of 2012, such a right is not carried over to subsequent tax years!

You can find out more in Article 166 of the Tax Code or by calling the information and reference service Department of State Tax Service – 0 800 501 007 (free from landlines).

Press service of the trade union committee of students of ZNTU