MANILA, Philippines — Some senators insisted on the necessity of scrapping—or at the very least suspending—a Bureau of Internal Revenue (BIR) regulation raising the tax imposed on private schools, which one lawmaker called “the final nail in the coffin” for smaller institutions struggling under the pandemic.
During a Senate ways and means committee hearing Wednesday, Senate Minority Leader Franklin Drilon urged the Department of Finance (DOF) to order the Bureau of Internal Revenue to revoke what some senators called an “erroneous” revenue regulation.
“I have not heard anything which would justify or rationalize the refusal of the good assistance secretary to withdraw this er…
Keep on reading: Senators urge scrapping of BIR tax rule for private schools