Article 118-6 (Education Expense Tax Credit)

"Education expenses prescribed by Presidential Decree" in the main part of each subparagraph of Article 59-4(3) of the Act refers to education expenses falling under any of the following subparagraphs. <Amended by 2017.2.3, 2023.2.28> 1. Tuition fees, admission fees, childcare expenses, course fees, and other public dues 2. Meal expenses paid to schools, kindergartens, daycare centers, academies and sports facilities referred to in Article 59-4(3)1(d) of the Act that provide meals in accordance with the School Meal Act, the Early Childhood Education Act, the Infant and Child Care Act, etc. (only for children before entering elementary school) 3. Textbook expenses purchased at schools referred to in Article 2 of the Elementary and Secondary Education Act 4. School uniform purchase expenses (limited to middle and high school students, up to 500,000 won per student per year) 5. Tuition fees and special activity expenses for after-school programs or courses conducted at schools, etc. referred to in the following subparagraphs (including the purchase of books purchased at schools, etc. and the purchase of books for after-school programs for elementary, middle, and high schools purchased outside of school): a. Schools referred to in Article 2 of the Elementary and Secondary Education Act b. Kindergartens referred to in Article 2(2) of the Early Childhood Education Act c. Daycare centers referred to in Article 2(3) of the Infant and Child Care Act d. Academies and sports facilities referred to in Article 59-4(3)1(d) of the Act (only for children before entering elementary school) 6. Expenses incurred for field trips conducted as part of the curriculum at schools referred to in Article 2 of the Elementary and Secondary Education Act (limited to 300,000 won per student per year) 7. Fees for taking examinations prescribed by Article 34(3) of the Higher Education Act and admission application fees prescribed by Article 34-4 of the same Act.

"Curriculum prescribed by Presidential Decree" in Article 59-4(3)1(b)2) of the Act refers to a curriculum accredited as a credit-recognized learning course by the Minister of Education under Article 3(1) of the Act on Credit Recognition and Degree Acquisition through Learning and a curriculum referred to in Article 9(1)4 of the Enforcement Decree of the Act on Qualification Acquisition through Self-Study. <Amended by 2015.2.3>

"Student prescribed by Presidential Decree" in Article 59-4(3)1(c) of the Act refers to a student for whom education expenses are paid by a resident who holds the nationality of the Republic of Korea as of the end of the relevant taxable period (limited to the following persons in the case of children before entering elementary school and elementary and middle school students). 1. Persons qualified for self-funded study abroad under Article 5 of the Regulations on Study Abroad. 2. Persons studying abroad in accordance with Article 15 of the Regulations on Study Abroad and who have resided abroad with their dependents for one year or more.

"Amount prescribed by Presidential Decree" in Article 59-4(3)1(d) of the Act refers to tuition fees paid for receiving instruction in a course conducted on a monthly basis (only for courses conducted at least once a week) at an academy under the 「Act on the Establishment, Operation and Extracurricular Tutoring of Academies」 or a sports facility referred to in Article 6, by a child before entering elementary school.

"Sports facility prescribed by Presidential Decree" in Article 59-4(3)1(e) of the Act refers to a sports facility falling under any of the subparagraphs of Article 6. <Newly inserted by 2026.2.27>

"Subsidies, etc. prescribed by Presidential Decree" in the proviso of Article 59-4(3)2(c) of the Act refers to support for vocational ability development of workers under Article 43 of the Enforcement Decree of the 「Employment Insurance Act」. <Amended by 2026.2.27>

"Amount payable prescribed by Presidential Decree, etc. such as additional amounts paid due to delinquency in repayment of loan principal and interest" in the proviso of Article 59-4(3)2(d) of the Act refers to the amounts falling under any of the following subparagraphs. <Newly inserted by 2017.2.3, 2026.2.27> 1. Additional amounts paid due to delinquency in repayment of principal and interest of student loans referred to in Article 12. 2. Amounts of principal and interest of student loans referred to in Article 12 that have been reduced or exempted. 3. Amounts of principal and interest of student loans referred to in Article 12 that have been repaid with financial support received from local governments or public institutions, etc.

"Social welfare facilities and non-profit corporations prescribed by Presidential Decree" in Article 59-4(3)3(a) of the Act refers to the facilities and corporations falling under any of the following subparagraphs. <Amended by 2017.2.3, 2026.2.27> 1. Social welfare facilities under the 「Social Welfare Services Act」. 2. Non-profit corporations established under the 「Civil Act」 that have been recognized by the Minister of Health and Welfare as institutions conducting rehabilitation education for persons with disabilities.

"Institutions prescribed by Presidential Decree" in the first part of Article 59-4(7) of the Act refers to institutions falling under any of the following subparagraphs. <Newly inserted by 2017.2.3, 2017.12.29, 2019.2.12, 2022.2.17, 2026.2.27> 1. Korea Student Aid Foundation under Article 6 of the 「Act on the Establishment of the Korea Student Aid Foundation, etc.」. 2. Korea Housing Finance Corporation under the 「Korea Housing Finance Corporation Act」. 3. Korea Asset Management Corporation under the 「Act on the Establishment of the Korea Asset Management Corporation, etc.」.