Act Amending Section News Today

The House Committee on Economic Affairs on Tuesday, Feb. 7, approved, subject to style and corresponding committee report thereof, a proposed bill amending The Real Estate Investment Trust (REIT) Act of 2009 to ensure the reinvestment of proceeds from the sale of REIT shares in the Philippines.

Returning Senator Francis ‘’Chiz’’ Escudero bared on Saturday, July 9 his 20 priority legislation under the 19th Congress, including a proposal to amend the 31-year-old Republic Act (RA) No. 7160, or the Local Government Code of 1991, in a bid to strengthen the autonomy of local government units (LG

TO ensure that private schools and hospitals “would not suffer from tax uncertainty,” the chairman of the House Committee on Ways and Means urged the Bureau of Internal Revenue (BIR) to clarify the definition of “unrelated activities” under its revenue regulations. House Ways and Means Chairman Joey Sarte Salceda said…

In light of the changes in the school calendar, the Department of Education (DepEd) has extended the deadline for consultation and submission of applications for private schools that intend to adjust their tuition and other fees this upcoming school year. DepEd / MANILA BULLETIN In DepEd Memora

Tax Notes: Proprietary educational institutions, nonprofit hospitals taxed at 1% for a limited period