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Politics

ESCUDERO: AVAIL OF PRIVATE SCHOOL TUITION SUBSIDY

Sorsogon Governor Chiz Escudero urged college students to avail of the tertiary education subsidy (TES) which gives around P60,000 tuition subsidy and allowances to those enrolled in private colleges and universities. The governor said this provision in Republic Act 10931 or the Universal Access to Quality Tertiary Education Act has not been well promoted and […]

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Politics

GATCHALIAN HAILS TAX RELIEF FOR PRIVATE SCHOOLS

Senator Win Gatchalian hailed the signing of a law that would grant tax relief to private schools, a move that the lawmaker said would help them stay afloat amid the devastating effects of the COVID-19 pandemic. Republic Act No. 11635, which President Rodrigo Duterte signed into law on December 10, 2021, further amends Section 27 […]

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Politics

TAX RELIEF LAW FOR PRIVATE SCHOOLS INKED

Senator Sonny Angara lauded the enactment of the law clarifying the preferential tax treatment granted to private schools, saying this will save many struggling schools from closing down permanently. Republic Act 11635 amends Section 27(B) of the National Internal Revenue Code of 1997 and was signed on December 10, 2021 by President Rodrigo Duterte. “It […]

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GIVE PRIVATE SCHOOLS TAX RELIEF – VILLANUEVA

Clarifying an otherwise ambiguous provision in the country’s tax code on private educational institutions will serve as a lifeline for thousands of schools forced to shutter or reduce operations at the height of the COVID-19 pandemic, according to Senator Joel Villanueva. In sponsoring Senate Bill No. 2407, Villanueva said the measure sought to ease the […]

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SENATE URGED TO OK BILL ON PRIVATE SCHOOL TAX RATE

Camarines Sur Representative LRay Villafuerte is urging the Senate to act quickly to rescue  private schools  by passing before the adjournment of this congressional session on September 30 a bill that would permanently correct the Bureau of Internal Revenue (BIR)’s flawed interpretation of a tax code provision increasing the corporate income  tax (CIT) rate on […]

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PRIVATE SCHOOL TAX RELIEF BILL GETS HOUSE OK

The House of Representatives overwhelmingly approved on third and final reading a bill that would define the tax rates for proprietary schools to allow them to avail of the 10-percent preferential rate on taxable income. With 202 affirmative votes, the chamber passed House Bill No. 9913, which seeks to clarify that the preferential tax rate […]

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BIR SUSPENDS TAX HIKE ON PRIVATE SCHOOLS – ANGARA

Senator Sonny Angara thanked Finance Secretary Carlos Dominguez for suspending the implementation of the provisions of Revenue Regulations No. 5-2021 pertaining to the tax on private schools. “Maraming Salamat, Secretary Dominguez and BIR Commissioner (Caesar) Dulay for heeding the clamor of private educators who share with the government the burden of teaching our youth,” Angara […]

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PEACE LAUDS SUSPENSION OF PRIVATE SCHOOLS TAX HIKE

An education advocacy group on Sunday thanked the Bureau of Internal Revenue for stopping the implementation of a controversial regulation that would have increased the amount of income taxes paid by private schools by 150 percent. “Nagpapasalamat tayo sa BIR sa pagsuspinde ng regulasyong ito. At a time when all schools are reeling from the […]

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Politics

HONTIVEROS: REVOKE TAX HIKE ON PRIVATE SCHOOLS

Senator Risa Hontiveros has called on the Bureau of Internal Revenue (BIR) to revoke the 25% corporate income tax hike imposed on private schools. Hontiveros said this move is “anti-students” as this may only displace more students when private schools are forced to close due to increased economic pressure brought by the pandemic. “Hindi naman […]

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Politics

ANGARA SEES END OF TAX HIKE ON PRIVATE SCHOOLS

As more senators sign as co-sponsor of the bill explicitly declaring that private schools are exempt from the 25 % corporate income tax, its author, Senator Sonny Angara, predicts its approval by an overwhelming majority in the Senate. “How can you not support a measure that is fair and just, and corrects an injustice to […]