Tax Treatment of Educational Institutions
The BIR has issued Revenue Memorandum Circular (RMC) No, 78-2022, dated June 8, 2022, to clarify the tax treatment and other tax compliance requirements of the different classifications of educational institutions referred to in the National Internal Revenue Code of 1997, as amended (Tax Code). This RMC covers the following educational institutions: In connection with the foregoing, the RMC also provides the following tax treatments for these educational institutions: A. Inco