24/04/2025
LOOK: The Department of Finance (DOF) issued revenue regulations that streamlined the availment of tax incentives for education to spur private sector investments in human capital development.
Revenue Regulations (RR) No. 13-2025, signed by Secretary Recto on March 17, 2025, upon the recommendation of Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui, Jr., aims to simplify and consolidate outdated procedures that have hampered access to tax incentives granted under existing laws for education and training.
Entitled “Consolidated Provisions to Simplify and Streamline the Procedures and Requirements Relative to the Availment of the Tax Exemptions and Incentives Granted to the Participating Private Entities under RA No. 8525, RA No. 12063, and the Tax Code,” the new regulations enhances the ease of doing business, while supporting investments in primary to tertiary education, technical education, and skills development in the country.
The initiative is in line with the goals set out in President Ferdinand R. Marcos, Jr.’s Philippine Development Plan (PDP) 2023–2028, which highlights the critical role of public-private partnerships (PPPs) in delivering access to quality, inclusive, and workforce-responsive education and training programs to Filipinos.
Read more:
https://www.dof.gov.ph/dof-streamlines-tax-incentives-availment-for-education-to-spur-private-sector-investments-in-human-capital-development/