Tax perks urged for donors of jabs for teachers, pupils | Inquirer News

Tax perks urged for donors of jabs for teachers, pupils

/ 04:33 AM April 19, 2021

A lawmaker wants tax benefits granted to private entities and wealthy individuals that would sponsor the vaccination of over 800,000 teachers and 22 million children in public schools in the country. Under House Bill No. 9200, Anakalusugan Rep. Michael Defensor said private corporations paying for the vaccines against COVID-19 of teachers and children would be entitled to an “additional deduction” from their gross income, equivalent to 150 percent of what they spent for the vaccines. Thus, a corporation sponsoring P10 million worth of doses may claim an extra deduction of up to P15 million from gross income, subject to tax.

—Nestor Corrales


For more news about the novel coronavirus click here.
What you need to know about Coronavirus.
For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150.

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link .

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: coronavirus pandemic, coronavirus Philippines, COVID-19 vaccine donors, tax perks
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2021 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.