The revenues earned by the education institutions in the teaching process will be exempted from income tax, IPN reports, quoting the 2015 budgetary-fiscal and customs policy that was approved by the Government.

The fiscal approach will be the same for all the education institutions, both public and private. The incomes that are not related to the education process will be taxed in the same way as the incomes of other economic entities with similar activities. This refers to incomes from leasing out areas, from providing production activities, calculation and other services.

The same approach will be used in respect of the VAT. Thus, only the services and goods related to the education process will be exempted from this tax.