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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 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 […]