MANILA, Philippines — More senators have expressed support for a bill aiming to correct an “erroneous” interpretation of the tax imposed on private schools that have been struggling financially amid the COVID-19 pandemic.
In a statement Tuesday, Senator Sonny Angara said it is likely the bill will be approved “by an overwhelming majority in the Senate” after more senators signed as co-sponsor of the measure declaring private schools exempted from the 25 percent corporate income tax.
Those who have been made co-authors of Angara’s Senate Bill 2272 were Senate Majority Leader Juan Miguel Zubiri, Senate President Pro Tempore Ralph Recto, Senators Joel Villanueva, Nancy Binay…
Keep on reading: More senators back bill correcting ‘erroneous’ tax raise on private schools