SENATOR EYES TAX INCENTIVES FOR EMPLOYERS WHO HIRE ALS GRADUATES
SENATOR Nancy Binay filed a bill that seeks to grant tax incentives to employers who hire alternative learning system learners and graduates.
SENATOR Nancy Binay filed a bill that seeks to grant tax incentives to employers who hire alternative learning system learners and graduates.
Binay said Senate Bill 345 or the proposed Alternative Learning System Learners and Graduates Incentives Act aims to generate greater participation in the Alternative Learning System.
ALS is a parallel learning system that provides a practical option to the existing formal instruction.
“As a flexible, free education program of the government, ALS will benefit many who cannot afford formal schooling, including those whose adult life responsibilities have given them tighter schedules and opportunities for education,” Binay said.
Under the measure, employers who will allow their employees to participate in the ALS system or hire and employ ALS learners and graduates will be given deduction from the computation of taxable income equivalent to 10 percent of the ALS learners and graduates gross salaries.
The tax deduction shall be evidenced by documents issued by the Department of Education.