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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 […]
Senator Joel Villanueva has appealed to the government to give more leeway for online sellers, instead of cracking the whip on them, especially since they come mostly from the ranks of the unemployed and are on survival mode. In a statement, Villanueva explained that most online sellers are focused on earning enough to provide for […]
Minority Leader Benny Abante Jr. is appealing to finance officials to conduct the registration of online sellers after the threat posed by the coronavirus disease COVID-19 outbreak has passed, saying on Tuesday that “requiring online sellers to troop to Bureau of Internal Revenue (BIR) offices in the middle of a pandemic exposes them to health […]
Senator Joel Villanueva has asked government agencies to provide the necessary interventions to improve the skills of online sellers by providing virtual trainings on essential and entrepreneurial skills to help their new ventures become successful enterprises. After the Bureau of Internal Revenue had eased requirements to encourage online sellers to register, Villanueva pointed out that […]
On efforts to resume operations of Philippine Offshore Gambling Operators (POGOs) initiated by administration officials and allies, Senator Kiko Pangilinan lamented the prioritization of the welfare of China in the guise of “boosting state funds” for the fight against COVID-19. Philippine Amusement and Gaming Corporation (Pagcor) Chairman Andrea Domingo recently said she had written President […]