Sotto says LGUs can shoulder cash aid for ECQ; national gov t can pay later mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
BIR suspends higher taxes for private schools amid pandemic
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Metro Manila (CNN Philippines, July 29) - The Bureau of Internal Revenue has suspended the implementation of a new regulation imposing higher taxes on private schools amid the ongoing health crisis.
The BIR also noted that the bills clarifying a provision in the Corporate Recovery and Tax Incentives for Enterprises law on taxation of private educational institutions are still pending in Congress.
“To ease the burden of taxation among proprietary educational institutions, especially during this time of COVID-19 pandemic, and taking into account the pending bills in Congress.to finally clarify the income taxation of schools, the implementation of the following provisions of Revenue Regulations No. 5-2021 dated April 8, 2021 are hereby suspended pending passage of such appropriate legislation,” read Revenue Regulations No. 14-2021.
President Rodrigo Roa Duterte inaugurated on Thursday, July 29, 2021 the Estrella-Pantaleon Bridge, a modern bridge that will connect the cities of Mandaluyong and Makati within five (5) minutes.
The President was joined by Chinese Ambassador to the Philippines Huang Xilian, Department of Public Works and Highways (DPWH) Secretary Mark A. Villar, Senator Christopher Lawrence Bong Go, and Executive Secretary Salvador Medialdea in the symbolic unveiling of bridge marker at Rockwell, Makati City.
The event was also attended by Transportation Secretary Arthur Tugade, Finance Secretary Carlos Dominguez, MMDA Chairman Benhur Abalos, DPWH Undersecretary Emil K. Sadain, and Mandaluyong City Mayor Carmelita Abalos.
Built at a cost of P1.46 Billion, the Estrella-Pantaleon Bridge Project is one of the two (2) bridges funded by a grant of the People’s Republic of China the other one is Binondo-Intramuros Bridge in Manila expected to be finished at the end of the year.
Published July 29, 2021, 9:35 AM
The governments of Japan and the Philippines have successfully concluded the conduct of the 11th High-Level Joint Committee Meeting on Infrastructure Development and Economic Cooperation between the two countries.
In the virtual meeting held on Wednesday, July 28, both sides recognized the significant developments achieved in ongoing joint infrastructure projects and pandemic-response cooperation measures as a result of the high-level joint committee meetings held in the past few years.
Some of the fruits of the previous Philippines-Japan engagements include the Metro Manila Subway rolling stock contract signing, LRT-2 extension, Parañaque Spillway Flood Control Feasibility Study, COVID-19 Crisis Response Emergency Support Loan, Post-Disaster Standby Loan Phase 2, AstraZeneca COVID-19 vaccine provision, and cold chain facility development for the vaccination rollout.
BIR suspends higher taxes for private schools amid pandemic cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.