Tax Relief

Non-public colleges are calling for a tax relief invoice to be handed

The country’s largest private school associations expressed hope that the Senate will soon pass Senate Act No. 2272, which grants preferential tax rates to educational institutions during the coronavirus pandemic, after most senators signed up to co-author the proposed measure. In a joint declaration, the groups led by the Coordinating Council of Private Educational Associations (COCOPEA) thanked Senator Pia Cayetano, Chair of the Senate Committee for Means and Ways, Senator Juan Edgardo Angara, sponsor of SB 2272 and 14 other Senators. They praised the legislature’s swift and determined support for the bill, which aims to amend Section 27 (b) of the National Internal Revenue Code to finally ensure the granting of a preferential tax rate of 10 percent for in-house schools, including the temporarily lowered rate of 1 percent during the pandemic under the CREATE law. “We pray for our senators that they will continue to be filled with courage and willpower to urgently pass this landmark law for the Filipino education system at the 18th Congress,” said a joint statement by the education associations. Other Senators who responded to the group’s call for the urgent adoption of SB 2272 amid the threat to the survival of many private schools across the country include Senators Joel Villanueva, Ralph G. Recto, Juan Miguel “Migz” F. Zubiri, Maria Lourdes Nancy S. Binay, Sherwin Gatchalian, Grace L. Poe, Richard J. Gordon, Francis “Kiko” N. Pangilinan, Risa Hontiveros, Emmanuel “Manny” D. Pacquiao, Ramon Bong Revilla Jr., Cynthia A. Villar and Leila M. De Lima. The private school groups also thanked Senator Franklin M. Drilon for urging the Bureau of Internal Revenue and the Department of Finance to suspend RR 5-2021, which increases the private school tax rate, and Senator Leila De Lima for filing the Senate resolution No. 766 and calls on the President to suspend the implementation of RR 5-2021. “We thank Senators Cayetano Angara, Drilon, Pangilinan, Villanueva, Hontiveros, Gordon, Marcos, and Villar for verbally expressing their support for SB 2272 during the Ways and Means Committee hearing on June 30, 2021,” COCOPEA said -Managing Director Joseph Noel M Estrada. “We are also grateful to Chairman Senator Pia Cayetano on the 2nd,” said Estrada. The education groups expressed the hope that the bill will come into force before the start of the new school year in August and September, “so that our schools can concentrate fully on dealing with the learning crisis and the COVID pandemic that our country is currently facing has to fight. “We also urge our many stakeholders in the private education sector to join our common appeal and support our Senators to provide a lifeline to our troubled schools during this pandemic, to ensure continuity of learning for our students and our jobs.” To secure teachers. ”And staff and to secure the livelihood for the many small businesses (e.g. Carinderias, tricycles) that depend on our schools,“ they said. “With the few days left on the legislative calendar and the number of urgent actions pending in the Senate, we are running against time to get the bill passed in the 18th Congress. This legislative intervention to stabilize education not only in this time of the pandemic but for generations to come is both crucial and complementary to any economic measure aimed at revitalizing our troubled economy, “the groups said. COCOPEA is the umbrella organization that represents 2,500 schools nationwide. The joint declaration was signed by Estrada; Dr. Anthony Jose M. Tamayo, Chairman of COCOPEA and President of the Philippine Association of Colleges and Universities (PACU); Sr. Ma. Marissa R. Viri, President of the Catholic Association for Education of the Philippines (CEAP); Lourdes Almeda-Sese, President of the Association of Private Schools, Colleges and Universities (PAPSCU); Retired Judge Benjamin D. Turgano, President of the Association of Christian Schools, Colleges and Universities (ACSCU); NS. Onofre Inocencio Jr., President of the Association of Technical Vocational Schools (TVSA); Prof. Vicente Antonio V. Pijano III, President of the Davao Colleges and Universities Network Inc. and the Association of Private and State Colleges and Universities in Region XI Inc .; Bernard Nicolas E. Villamor, President of the Association of Cebu Private Schools; and Attorney Remelisa G. Alfelor-Moraleda, President of the Bicol Association of Private Colleges and Universities.

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