Tax Relief Measures For Private Higher Education Institutions

The Council of Ministers has approved tax relief measures for private universities, colleges, and institutes, granting exemptions from penalties and additional charges relating to income tax and withholding tax, subject to the settlement of the principal tax liability and completion of the tax reconciliation process within the prescribed timeframes.

Under the decision, eligible private educational institutions will benefit from a 100% exemption from penalties and additional amounts, provided they pay the principal tax due and complete the tax reconciliation procedures within four working months from the date of the Council of Ministers’ decision.

A 50% exemption will apply to institutions that settle the principal tax and complete the tax reconciliation procedures during the subsequent four-month period following the expiry of the initial deadline.