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With a controversial tax regulation by the Bureau of Internal Revenue looming over educational institutions, an education advocacy group is set to conduct a webinar on taxation to help schools get a better grasp of the issue. The Philippine Educators Alliance for Community Empowerment (PEACE) Party-list will hold the “Education and Taxes: How to Properly […]
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 […]
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 […]
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 […]
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 […]
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 […]
Senator Joel Villanueva called on the Bureau of Internal Revenue to recall Revenue Regulation 5-2021 (RR 5-2021) that imposes a tax rate of 25% on private schools – a big jump from the previous 10% – because it is was based on an erroneous interpretation of a newly enacted law. The BIR, in releasing RR […]
Senator Nancy Binay urged the Bureau of Internal Revenue and Department of Finance to reconsider its decision not to extend the April 15 deadline for the filing and payment of annual income tax returns for 2020. “I-extend na lang sana ang April 15 deadline, kahit na sa NCR Plus lang. We already extended last year […]
With the government scraping its coffers to help provinces battered by Typhoon Rolly, Senator Joel Villanueva again reminded revenue generating agencies to shore up tax collection, beginning with exiting Philippine offshore gaming operations (POGO) firms which have some P50 billion in tax deficiencies. Villanueva urged the Bureau of Internal Revenue (BIR) to ensure that it collects […]
Quezon City Rep. Precious Castelo is urging the Bureau of Internal Revenue (BIR) to defer the enforcement of its memorandum circular requiring online sellers to register their business and pay income and other taxes. Her appeal is contained in Resolution No. 994, which she filed over the weekend. “Because of COVID-19, there was and there […]