Latest Breaking News On - செனட்டர் சோனி அங்காரா - Page 4 : comparemela.com

Published June 7, 2021, 11:16 AM Deputy House Speaker Representative Rufus Rodriguez is pushing for a bill that would clarify an existing provision on tax perks granted to educational institutions under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law which the Bureau of Internal Revenue (BIR) allegedly wrongly interpreted. The Cagayan de Oro City representative said he has filed House Bill No. 9577 in order to clarify that the preferential tax rate of 10 percent applies to all proprietary educational institutions, by amending the first sentence of Section 27 of the National Internal Revenue Code (NIRC), and do away with the imposition of a 25 percent income tax rate on private schools.

Cagayan de oro cityCagayan de oroSonny angaraRufus rodriguezCouncil of private educational associationsBureau of internal revenueNational internal revenue codeDepartment of financeTax incentives for enterprisesDepartment of education depedCorporate recoveryTax incentivesInternal revenueHouse billCoordinating councilPrivate educational associations