00:00The Department of Finance or DOF has issued regulations to make it easier for businesses to claim tax incentives for supporting the education sector.
00:09Revenue Regulation No. 13-2025 entitled Consolidated Provisions to Simplify and Streamline the Procedures and Requirements Relative to the Availment of the Tax Exemptions and Incentives
00:22granted to the participating private entities under RA No. 8525, RA No. 12063,
00:30and the Tax Code aims to replace old and complicated procedures that make it difficult for businesses to get tax breaks when they support education and training programs.
00:41Republic Act 8525 encourages private companies to help improve public schools,
00:46while Republic Act 12063 encourages different work-based education programs to address unemployment and prevent job skill mismatch.
00:57This effort by the Finance Department supports the Philippine Development Plan 2023-2028 of President Ferdinand R. Marcos Jr.,
01:05focusing on the importance of public-private partnerships, or PPPs, to give more Filipinos access to quality education and job training.
