Tax treatment of subsidies given to employees for child care and student care.
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Tax Treatment of Benefits Relating to Childcare (Summary Table)
Nature | Taxable/ Not taxable | |
|---|---|---|
1 | Subsidy for employee's child who is in a childcare centre | Not taxable if the childcare centre is licensed under the Early Childhood Development Centres Act 2017. A list of the licensed childcare centres can be found in the MSF website |
2 | Subsidy for employee's child who is in student care | Taxable. |