revenue administration

A.Revenue Administration A. Government Revenues / School Revenues B. Sources of Funds of private and public educational institutions

• Government Revenues  -money received by a government.

Revenues earned by the government are:

a.  taxes b. non-taxable sources 

a. Income tax– Individual- 5% to 32%.– Corporate-30%.

For income tax purposes educational institutions are classified as:a.proprietary educational institutionsb.non-stock, non-profit educational institutions institutionc.government educational institutions.

B. Business Taxes

– Value added tax (VAT)– Percentage Tax– Excise taxes

Non taxable sources•Rents, concessions,and Fines collected (parking fines, court costson criminal offenders)•Fees for the granting or issuance of permits or licenses. Examples include vehicle registration plate permits, vehicle registration fees, , building fees, driver's licenses, hunting and fishing licenses, fees for professional licensing, fees for visas or passports, example•Donations and voluntary contributions to the state

BATAS PAMBANSA BILANG 232AN ACT PROVIDING FOR THE ESTABLISHMENT AND

MAINTENANCE OF AN INTEGRATED SYSTEM OF EDUCATION.CHAPTER 5

School Finance and AssistanceA. FUNDING OF PUBLIC SCHOOLS

• Sec. 34. National Funds. — Public school shall continue to be funded from national funds.

• Sec. 35. Financial Aid Assistance to Public Secondary Schools. — The national government shall extend financial aid and assistance to public secondary schools established and maintained by local governments, including barangay high schools.

• Sec. 36. Share of Local Government. — Provinces, cities and municipalities and barangays shall appropriate funds in their annual budgets for the operation and maintenance of public secondary schools on the basis of national fund participation.

• Sec. 38. Tuition and other School Fees. — Secondary and post-secondary schools may charge tuition and other school fees, in order to improve facilities or to accommodate more students.

• Sec. 39. Income from other Sources. — Government-supported educational institution may receive grants, legacies, donations and gifts for purposes allowed by existing laws.

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B. FUNDING OF PRIVATE SCHOOLS

• Sec. 40. Funding of Private Schools. — Private schools may be funded from their capital investment or equity contributions, tuition fees and other school charges, grants, loans, subsidies, passive investment income and income from other sources.

• Sec. 41. Government Assistance. — The government, in recognition of their complementary role in the educational system, may provide aid to the programs of private schools in the form of grants or scholarships, or loans from government financial institutions.

• Sec. 42. Tuition and Other Fees. — Each private school shall determine its rate of tuition and other school fees or charges.

• Sec. 43. Income from Other Sources. — Any private school duly recognized by the government, may receive any grant and legacy, donation, gift, bequest or devise from any individual, institution, corporation, foundation, trust of philanthropic organization, or research institution or organization as may be authorized by law.

• Sec. 47. Relating to Gifts or Donations to Schools. — All gifts or donation in favor of any school, college or university recognized by the Government shall not be subject to tax; Provided, That such gifts or donations shall be for improvement of classrooms and laboratory of library facilities, and shall not inure to the benefit of any officer, director, official, or owner or owners of the school, or paid out as salary, adjustments or allowance of any form or nature whatsoever, except in support of faculty and/or professorial chairs.