I was hired by an international school in Japan last year and part of their benefits package is free tuition for the children of their employees. After nearly a year of working for them, I decided to enroll my child into their preschool program. However, it was only recently brought to my attention that the discounted amount (nearly my entire month’s salary) might be included into my taxable income. My employer said he isn’t sure yet if we will be taxed on our discounted income, as the company is relatively new. Whatever the results, my daughter will join this year, but I might need to rethink long-term enrollment at the school if I have to pay a percentage of the discounted amount. Is anyone else in this situation? If you have gone through this situation, how much do you think we will have to pay? Any help is greatly appreciated.
by biggun497