“NON-PROFIT” AS DEFINITION OF PROPRIETARY EDUCATIONAL INSTITUTIONS IS SUSPENDED (Revenue Regulations No. 14-2021, July 26, 2021)

  • The BIR suspends the implementation of certain provisions of Revenue Regulations No. 5-2021 dated April 8, 2021
  • Suspended provisions:
    • Definition of proprietary educational institutions in so far as it includes the phrase “which are non-profit”
    • Definition of non-profit as it applies to proprietary educational institutions;
    • Illustration on the tax treatment of proprietary educational institutions that are non-profit