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Download - Catholic Educational Association of the Philippines

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CEAP PROPOSAL FOR A<br />

COMPREHENSIVE TAX<br />

EXEMPTION BILL:<br />

Any revenues or income from any activity<br />

undertaken by <strong>the</strong> educational institution,<br />

regardless <strong>of</strong> <strong>the</strong> source, should be exempt<br />

from taxes. The reason is that any income<br />

earned by <strong>the</strong> non-stock, non-pr<strong>of</strong>it<br />

educational institution ultimately redounds to<br />

<strong>the</strong> benefit <strong>of</strong> <strong>the</strong> said institution for <strong>the</strong><br />

fur<strong>the</strong>rance <strong>of</strong> its primary objectives.<br />

CEAP SMX NATIONAL<br />

ASSEMBLY 083012<br />

205

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