Albay 2nd District Representative Joey Salceda on Friday called on the Bureau of Internal Revenue (BIR) to clarify the definition of “unrelated activities” under its Revenue Regulation 3-2022 to ensure that private schools and hospitals to reduce the any tax uncertainty. Salceda, chair of the...
The enactment of the law granting one percent preferential tax rate to private schools will bring the much needed assistance these institutions deserve as they continue to deliver quality education to Filipino learners, Senator Pia Cayetano said. Cayetano made the remark following reports of...
The Senate has approved on third and final reading the measure that seeks to clarify that all private schools –both non-profit and for profit—are entitled to the one percent preferential tax rate under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law. Senator Pia Cayetano,...
Senator Pia Cayetano on Tuesday, August 3 vowed to expedite the passage of the bill that seeks to clarify the controversy regarding the preferential tax rates of private schools. Cayetano, who chairs the Senate Ways and Means Committee, said she is now waiting for the transmittal of the House of...
The House Ways and Means Committee on Monday, August 2, approved the draft measure that aims to define the tax rates for propriety educational institutions (PEIs) and allow them to avail of preferential rates on taxable income. House of Representatives4 House ways and means chairperson and Albay...
Senator Sonny Angara on Thursday, July 29 welcomed the decision of the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) in suspending the implementation of the new tax regulations on private schools and giving Congress sufficient time to fix the confusion caused by the law....
Opposition Senator Leila de Lima has joined other lawmakers in calling for the suspension of the new tax scheme imposed on private schools. In filing Senate Resolution No. 766, De Lima urged the Duterte administration to cancel the 25 percent corporate income tax on private schools imposed by the...
Senator Risa Hontiveros said the Bureau of Internal Revenue (BIR) should revoke the order imposing a 25 percent tax increase on private schools as this may only displace more students should these institutions are forced to close due to increased economic pressure due to the coronavirus (COVID-19)...
The House Committee on Ways and Means has approved the measure that seeks to put a stop to a government policy imposing higher tax on private schools and hospitals. Committee chairman and Albay Representative Joel Salceda presided over the panel meeting that approved the consolidation of House...
