Guidelines for Preferential Tax Policy in Supporting Education Development

30 June 2023

On 30 June 2023, the State Taxation of Administration issued the “Guidelines for Preferential Tax Policy in Supporting Education Development” (“the Guidelines”). The Guidelines specified that overseas educational institutions carrying out Sino-foreign cooperative education with domestic schools engaged in diploma education will be exempted from Value-added Tax (“VAT”) for the provision of diploma education services. In particular, the Sino-foreign cooperative education refers to the education and teaching activities jointly organized by Chinese educational institutions and foreign institutions with Chinese citizens as the main targets in accordance with relevant provisions of the Regulations of the People’s Republic of China on Sino-Foreign Cooperative Education (Order of the State Council No. 372).

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