Summary
RR No. 14-2021 suspends the implementation of certain provisions of RR No. 5-2021 on the taxation of proprietary educational institutions.
Key points
- Definition of Proprietary Educational Institutions. Section 2 (C) of RR No. 5-2021 is suspended insofar as it includes the phrase ‘which are non-profit’.
- Definition of Non-Profit. Section 2 (E) is suspended insofar as it applies to Proprietary Educational Institutions.
- Illustration. Section 3 (B), the illustration on the tax treatment of non-profit Proprietary Educational Institutions, is suspended.
Who is affected
- Proprietary educational institutions
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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