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Politics

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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Politics

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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Politics

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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Politics

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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Politics

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 […]

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Politics

GATCHALIAN TO BIR: SUSPEND PRIVATE SCHOOL TAX HIKE

Senator Win Gatchalian is urging the Bureau of Internal Revenue (BIR) to suspend the imposition of a 25 percent corporate income tax on private schools, warning that the added burden on struggling institutions amid the COVID-19 pandemic could lead to more school closures, job losses, and a more restricted access to education. For the chair […]

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Politics

BINAY TO BIR: SPARE PRIVATE SCHOOLS FROM TAX HIKE

Senator Nancy Binay made an appeal to the Bureau of Internal Revenue (BIR) to withdraw Revenue Regulation (RR) No. 5-2021 which would impose a 150% increase to the income tax of private schools. “Marami na nga sa ating mga private school ang nagsara na dahil sa pandemya. Kung ipapatupad ang revenue regulation na ito, siguradong […]

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Politics

BIR TOLD: CLARIFY TAX HIKE ON PRIVATE SCHOOLS

A measure seeking to clarify the latest Bureau of Internal Revenue (BIR) regulation imposing 25 percent corporate income tax on private schools has been filed at the House of Representatives. Deputy Speaker Rufus Rodriguez filed House Bill 9577, which seeks to correct an erroneous interpretation of the tax imposed on proprietary educational institutions under the […]