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'
Short Title
SUSPENSION OF BIR REVENUE REGULATION (RR) NO. 5-2021
Congress
Legislative History
Committee Report Senate Link
Date filed
July 5, 2021
Legislative History
Legislative History
Entitled: 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'[ THIRD REGULAR SESSION, 18TH CONGRESS ] [ 2021 ] 7/5/2021 Introduced by Senator LEILA M. DE LIMA; 7/28/2021 Submitted to the Senate and Referred to the Committee on WAYS AND MEANS;
Committees
Primary Committee
Committee Referral
Other Details
Issuance Category
Legislative Issuance Type
Legislative Status
Legislative Status Date
July 28, 2021
Session Sequence No.
3
Scope
Document Certification