18th Congress
Senate Resolution No. 766

SUSPENSION OF BIR REVENUE REGULATION (RR) NO. 5-2021

Filed on July 5, 2021 by De Lima, Leila M.
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Long title

RESOLUTION URGING THE PRESIDENT TO SUSPEND THE IMPLEMENTATION OF THE BUREAU OF REVENUE’S (BIR) REVENUE REGULATION (RR) NO. 5-2021 WHICH, THROUGH A MISINTERPRETATION OF THE LAW AND CONTRARY TO THE SPIRIT OF THE LAW, WILL IMPOSE A 25% CORPORATE INCOME TAX ON PRIVATE SCHOOLS THEREBY CANCELLING THE 1% RATE OFFERED BY THE PANDEMIC RESCUE PACKAGE UNDER REPUBLIC ACT NO. 11534, OTHERWISE KNOWN AS THE 'CORPORATE RECOVERY AND TAX INCENTIVE FOR ENTERPRISES (CREATE) ACT'

Scope

National

Legislative status

Pending in the Committee (7/28/2021)
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