Organizational finance and control
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Government revenues that support public educational institutions come from taxes like income tax and business taxes, as well as non-tax sources like fees, fines, donations, and voluntary contributions. Private schools are funded through tuition fees, donations, investments, and subsidies from the government. The law provides for national funding of public schools and allows local governments and private schools to collect fees to improve facilities and accommodate more students. It also allows private and public schools to accept donations as long as the funds go toward classrooms, laboratories, libraries and not salaries or personal benefits.
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Organizational finance and control
- 2. A.Revenue AdministRAtion A. Government Revenues / School Revenues B. Sources of Funds of private and public educational institutions
- 3. • GoveRnment Revenues -money received by a government. Revenues earned by the government are: a. taxes b. non-taxable sources
- 4. A. income tAx – Individual- 5% to 32%. – Corporate-30%. For income tax purposes educational institutions are classified as: a.proprietary educational institutions b.non-stock, non-profit educational institutions institution c.government educational institutions.
- 5. 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
- 6. BATAS PAMBANSA BILANG 232 AN ACT PROVIDING FOR THE ESTABLISHMENT AND MAINTENANCE OF AN INTEGRATED SYSTEM OF EDUCATION. CHAPTER 5 School Finance and Assistance A. 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.
- 7. • 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.
- 8. • 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.
- 9. 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.
- 10. • 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.
- 11. • 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.
- 12. • 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.
Editor's Notes
- Chapter III Fiscal Matters Mandated on Local Government Autonomy.
- Government revenue is money received by a government. It is an important tool of the fiscal policy of the government and is the opposite factor of government spending.
- Taxation itself came from many forms. In our country, government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, and income from other government operations and state-owned enterprises. Income Tax Revenue Individual The income tax rate for individuals ranges from 5% to 32%.[1] Corporate The income tax rate for corporations is 30%.[2] In the Philippines, there is no specific education tax. For income tax purposes educational institutions are classified as a proprietary educational institutions, non-stock, non-profit educational institutions institution, and government educational institutions.
- Taxation itself came from many forms. In our country, government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, and income from other government operations and state-owned enterprises. Income Tax Revenue Individual The income tax rate for individuals ranges from 5% to 32%.[1] Corporate The income tax rate for corporations is 30%.[2] Business Taxes Value-Added Tax (VAT) is a general consumption tax that requires a 12% additional tax on the sales price of goods and/or services by VAT-registered seller or seller required by law to be under the VAT system.[3] It is an indirect tax, which may be shifted or passed on to the buyer, transferee or lessee of goods, properties or services.[4] Percentage Tax Percentage tax is a business tax imposed on persons or entities/transactions: a. the National Internal Revenue Code.[5][6] Excise taxes Excise taxes apply to goods manufactured or produced in the Philippines for domestic sales or consumption or for any other disposition and to things imported.[7] Non Taxable Rents, concessions, and royalties collected by the state when it contracts out the right to profit from some good or service to a private corporation. An example are contracts for resource extraction (for such natural resources as minerals, timber, petroleum and natural gas, or marine resourcesFines collected and assets forfeitured as a penalty. Examples include parking fines, court costs levied on criminal offenders Fees for the granting or issuance of permits or licenses. Examples include vehicle registration plate permits, vehicle registration fees, watercraftregistration fees, building fees, driver's licenses, hunting and fishing licenses, fees for professional licensing, fees for visas or passports, fees fordemolition, rezoning, and land grading (which causes silt), and sometimes for increasing stormwater runoff, destroying native vegetation, and cutting-down healthy trees. User fees collected in exchange for the use of many public services and facilities. Tolls charged for the use of toll roads are an example Donations and voluntary contributions to the state
- According to Batas Pambansa Blng 232- also known for an AN ACT PROVIDING FOR THE ESTABLISHMENT AND MAINTENANCE OF AN INTEGRATED SYSTEM OF EDUCATION..Public schools were funded from the national funds..that local government assume operation based on national fund operation and adequate revenue sources. Also those secondary schools establish by local governmnents and barangay high school received financial aid assistance based from section 35 of batas pambansa 232
- And not only the national government, but also the Provinces, cities and municipalities and barangays provide appropriate funds from its annual budgets for the operation and maintenance of public secondary schools. Based form sec 36.
- Aside from the national budget taken from the national government, cities and municipalities, schools can collect tuition fees, to help improve facilities that will give comfort to the students, infrastructure or buildings so that the school can cater more students. Aside from funds subsidized from the national, provincial and municipal government, public school can have funds from receive grants, legacies, donations and gifts but of course allowed by existing laws.
- Unlike public school of which are funded by the national government, private school are funded from their capital investment, or equity contributions, of course in tuition fees and other school charges, grants, loans, subsidies, passive investment income and income from other sources.
- Private school can also receive government assistance but only limited in providing aid in the form of grants or scholarships or loans from government financial institutions.