Latest Breaking News On - சபை ஆஃப் ப்ரைவேட் கல்வி சங்கங்கள் - Page 1 : comparemela.com

BusinessWorld July 29, 2021 | 12:32 am Reporter THE Bureau of Internal Revenue (BIR) suspended a regulation that would have increased the corporate income tax for nonprofit private schools, as the bill correcting the tax treatment is still pending in Congress. BIR Commissioner Caesar R. Dulay signed Revenue Regulations (RR) 14-2021 on Wednesday suspending certain provisions of RR 5-2021 that excluded nonprofit private schools from availing of the preferential tax and effectively increased the rate to the 25% regular corporate income tax. “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 RR 5-2021 dated 8 April 2021 are hereby suspended pending passage of such appropriate legislation,” the signed document obtained by

Beatricem laforgaAnthony josem tamayoCaesarr dulayCarlosg dominguezCouncil of private educational associationsNational internal revenue codeBureau of internal revenueTax incentives for enterprisesInternal revenueRevenue regulationsFinance secretary carlosCorporate recoveryTax incentivesPrivate educational associationsTax codeசபை ஆஃப் ப்ரைவேட் கல்வி சங்கங்கள்