Press Release - Statement of Sen Win Gatchalian on the tax hike on private educational institutions senate.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from senate.gov.ph Daily Mail and Mail on Sunday newspapers.
Published June 5, 2021, 4:38 PM
Senator Sherwin Gatchalian on Saturday, June 5, called on the Senate to exercise its oversight function and look into the Bureau of Internal Revenue’s (BIR) regulation seeking to increase the tax rate of private schools.
Senator Sherwin Gatchalian during a special session in the Senate on March 23, 2020. (Henzberg Austria/Senate PRIB)
The chairman of the Senate basic education committee made the appeal as he joined his colleagues in slamming the BIR’s issuance of its Revenue Regulation (RR) 5-2021, which would raise the tax of proprietary educational institutions from 10 percent to 25 percent.
“At a time when private schools are struggling to stay afloat amid the COVID-19 pandemic, the imposition of a 25 percent corporate income tax is not only ill-timed and insensitive. It goes counter to the intention of Republic Act 11534 or the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) Law, which sought to reduce proprietary educa
Various private education stakeholders have appealed to President Duterte to intervene as they seek to reverse the provisions in the revenue regulation of the Bureau of Internal Revenue (BIR) which seeks to increase the tax rate of private schools.
(PIXABAY / MANILA BULLETIN) A petition signed b
Press Release - Villanueva to BIR: Revoke IRR increasing taxes for schools senate.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from senate.gov.ph Daily Mail and Mail on Sunday newspapers.
Senate measure seeking to clear up tax treatment of private schools bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.