MANILA, Philippines — Rep. Joey Salceda (Albay) on Thursday proposed an amendment to the National Internal Revenue Code in a bid to resolve private schools' woes on a new policy that would hike its tax rate to 25%. Private educational institutions have taken to court to stop the implementation of RR 5-2021 by the Bureau of Internal Revenue. They contested in particular a clause that schools would have to be non-profit to avail the temporary tax cut under the CREATE law. His proposed House Bill 9596 would include proprietary schools — or those owned and managed by private individuals or groups — to avail of the said easing of income tax. "This relief is urgent as private schools continue to reel from the effects of COVID-19," Salceda said, "and as government was unable to extend significant support to this sector given its own fiscal constraints."

Source: Philippine Star June 10, 2021 09:45 UTC