Financial Relief for Kindergartens and Training Institutions

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As financial pressures continue to mount for schools across the city, Beijing is offering some much-needed financial relief to kindergartens and private education training institutions.

The new policies, announced by the Beijing Municipal Education Commission over the weekend, includes government subsidies for any commercial landlord who waives or reduces rent for all private after-school programs that are approved by the Municipal Education Commission.

Educational training institutions that rent their classrooms from state-run enterprise landlords will be given free rent for February, and 50% off rent for any office space affiliated with the institution, on the condition they have not laid off any staff.

On top of the rent subsidies and waivers, the government will simplify the tax code, allowing for filings to be adjusted in light of suspended operations, and offering a three-month grace period for tax collection.

As for kindergartens that rent land from state-owned enterprises, between January and June, various provinces and cities will provide subsidies based on the local government’s budget and the number of students in their school system, hoping to ease the burden of operational costs and teacher salaries. However, it’s not clear if this part of the policy applies to schools that offer preschool and elementary, as well as secondary education.

More measures and announcements to help kindergartens are expected in the coming days from the Municipal Bureau of Finance and the Municipal Commission of Education.

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Source: bjnews.com
Photo: pixabay.com

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