TAX breaks await businesses that will partner with the government on enterprise-based education and training of workers and students under a new law signed recently by President Ferdinand Marcos Jr., according to Camarines Sur Rep. Luis Raymund Villafuerte.
In a statement, Villafuerte said that under Republic Act (RA) 12063, or the Enterprise-Based Education and Training (EBET) Framework Act, which Marcos signed in November, participating private companies can avail of huge income tax deductions — equivalent to 50 percent of their actual training expenses between now and end-2027, and a higher 75 percent starting in January 2028.
