Senator Juan Edgarda "Sonny" Angara on Saturday, June 12, wished that the Philippines would soon break free from the COVID-19 pandemic.
Senator Juan Edgardo 'Sonny' Angara (Office of Sen. Amgara) "As we commemorate the 123rd year of Philippine Independence, our continued aspiration is for all Fi
Free-testing bill for jobseekers filed in Senate 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.
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
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.