IKOT.PH
In his continuing advocacy to boost grassroots sports development, Senator Bong Go lauded the recently concluded Private Schools Athletic Association (PRISAA) Sports Summit that was held recently in Negros Island. The event was supported by the office of Go and the Philippine Sports Commission. Themed “Steadfast in Advancing and Sustaining Grassroots Sports Development for Excellence,” […]
The national government is spending P53 billion this year to shoulder the tuition of underprivileged students “placed” in private high schools either because of the lack of public schools in their communities, or because existing public schools are already packed full. Quezon City Representative Marvin Rillo, a member of the House appropriations committee, said the […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]