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MANILA - President Rodrigo Duterte has signed a law reducing the preferential tax rate of 10 percent to 1 percent imposed on proprietary educational institutions. Duterte signed Republic Act (RA) 11635 on Dec. 10, 2021, amending Section 27 (B) of the National Internal Revenue Code of 1997. "Hospitals which are nonprofit and proprietary educational institutions shall pay a tax of 10 percent on their taxable income except those covered by Subsection (D) hereof: Provided, that beginning July 1, 2020 until June 30, 2023, the tax rate herein imposed shall be 1 percent," the law, released on Thursday, read. Proprietary education institutions refer to any private school maintained and administered by private individuals or groups with an issued permit to operate from the Department of Education (DepEd) or the Commission on Higher Education (CHED), or the Technical Education and Skills Development Authority (TESDA), as the case may be, based on existing laws and regulations. House of ....
The Sarangani provincial capitol building (File photo courtesy of the provincial government) GENERAL SANTOS CITY - The provincial government of Sarangani has allocated an additional PHP14 million to expand quarantine and isolation facilities for coronavirus disease 2019 (Covid-19) patients in its seven municipalities. Sarangani Gov. Steve Chiongbian Solon said Monday they are currently processing the release of the funds, which will also augment other response initiatives being implemented at the community level. He said each municipality will receive PHP2 million from the newly approved appropriation, which will be drawn from the quick response component of the province's Local Disaster Risk Reduction and Management Fund. "Part of the funds would be utilized to assist the ongoing Covid-19 mass vaccination, and the purchase of testing kits and personal protective equipment," Solon said in a statement. The governor said the local government has been continuously finding wa ....
Press Release Senate approves three local bills Opening its session after the Lenten break, the Senate, on Monday, passed on third and final reading three local bills, providing for the following: (1) redistricting Bataan; (2) declaring April 28 as a special working holiday in Aurora; and (3) constituting Barangay Ladol as a distinct and independent barangay in Alabel, Sarangani. With 22 affirmative votes, no negative, and no abstention, the Senate approved House Bill No. 8664, which seeks to reapportion the Province of Bataan into three legislative districts. Under the said bill, the First District of Bataan will be composed of the municipalities of Hermosa, Orani, Samal, and Abucay; the Second District will be composed of Balanga City, and the municipalities of Orion, Pilar, and Limay; and the Third Legislative District will consist of the municipalities of Bagac, Mariveles, Morong, and Dinalupihan. ....