This tax policy, just issued on April 8, 2021, if enforced, will increase the 10% tax rate applied to private schools since 1968, to 25%. This law set a 1% tax rate for private schools for three years to help them survive this deep economic recession. It needs to be underscored that private schools have been diligent, innovative and agile partners of government in making education more accessible to Filipinos. It even negates the education nurturing government program called the GASTPE or government assistance to students and teachers in private education. Ignoring the Create Law and enforcing BIR’s RR 5–2021 is like rubbing salt on the wounds of our educational system and it will harm the local socio-economic ecosystem.

Source: Philippine Star June 05, 2021 04:07 UTC