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Press Release - Senator Pia Cayetano hails suspension of BIR regulation on the tax rates of private schools; cites role of private schools as government's partner in educating our youth


Press Release
August 3, 2021
Senator Pia Cayetano hails suspension of BIR regulation on the tax rates of private schools; cites role of private schools as government s partner in educating our youth
Let s help the private schools do their job as the government s partner in educating our children.
Thus said Senate Ways and Means Chair Senator Pia S. Cayetano, as she welcomed the Bureau of Internal Revenue s (BIR) Revenue Regulations No. 14-2021, which suspended the inclusion of for-profit private schools in the regime of regular income tax.
To recall, on June 30, the Senate Committee on Ways and Means already held a hearing on Senate Bill No. 2272 filed by Sen Sonny Angara, amending Section 27(B) of the National Internal Revenue Code (NIRC) on the preferential tax rates of private schools. ....

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