Swift passage by the House of Representatives of the bill that grants proprietary educational institutions lower tax rate of 10 percent has won the applause of private school owners and alliances.
The Lower House passed House Bill 9913 on second reading and is expected to complete the approval process as soon as session resumes after the end of the imposition of the enhanced community quarantine on August 20.
Benitez said that instead of helping private schools overcome the impact of the COVID-19 pandemic, the BIR has burdened them further by raising the income tax rate from the previous 10 percent to 25 percent. Reacting to the swift passage of the measure the Coordinating Council of Private Edcucational Associations lauded the Lower House, in particular the House Committee on Ways headed by Salceda, for its swift action in correcting the tax issue.
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