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Who is eligible for the income tax benefit for minors?
Who is eligible for the income tax benefit for minors?
I am married, and I have two minor children. My spouse is not working. Can I benefit from the 50 manat tax deduction when calculating income tax on my salary?
The State Tax Service under the Ministry of Economy has stated that, according to Article 102.5 of the Tax Code, regardless of the degree of kinship, the monthly taxable income of one spouse, who has at least three dependents, including students and schoolchildren studying full-time under the age of 23, will be reduced by 50 manats. This rule is applicable until the end of the year in which the children reach 18, and students and schoolchildren reach 23.
It is also noted that, according to Article 102.6 of the Tax Code, individuals receiving pensions, scholarships, or unemployment insurance payments (excluding children), and individuals under full state care, are not considered dependents.
According to Article 102.8 of the Tax Code, the tax benefits specified in this section apply from the moment the relevant documents are submitted to the competent authority and are only applied to the individual's main workplace. If an individual qualifies for tax benefits but submits the documents confirming the entitlement after the employment contract becomes effective, the tax benefit will be calculated from the date the employment contract becomes effective.
Key reference: Article 102.2.5 of the Tax Code, Article 102.8 of the Tax Code as it was in force before January 1, 2022, and the “List of Documents for Determining the Rights of Individuals to Tax Benefits When Calculating Income Tax on Salaries,” approved by the Cabinet of Ministers’ Decision No. 4, dated January 4, 2001.
I am married, and I have two minor children. My spouse is not working. Can I benefit from the 50 manat tax deduction when calculating income tax on my salary?
The State Tax Service under the Ministry of Economy has stated that, according to Article 102.5 of the Tax Code, regardless of the degree of kinship, the monthly taxable income of one spouse, who has at least three dependents, including students and schoolchildren studying full-time under the age of 23, will be reduced by 50 manats. This rule is applicable until the end of the year in which the children reach 18, and students and schoolchildren reach 23.
It is also noted that, according to Article 102.6 of the Tax Code, individuals receiving pensions, scholarships, or unemployment insurance payments (excluding children), and individuals under full state care, are not considered dependents.
According to Article 102.8 of the Tax Code, the tax benefits specified in this section apply from the moment the relevant documents are submitted to the competent authority and are only applied to the individual's main workplace. If an individual qualifies for tax benefits but submits the documents confirming the entitlement after the employment contract becomes effective, the tax benefit will be calculated from the date the employment contract becomes effective.
Key reference: Article 102.2.5 of the Tax Code, Article 102.8 of the Tax Code as it was in force before January 1, 2022, and the “List of Documents for Determining the Rights of Individuals to Tax Benefits When Calculating Income Tax on Salaries,” approved by the Cabinet of Ministers’ Decision No. 4, dated January 4, 2001.