An Act Financing the ‘Education for All Initiatives’ From the Annual Value-Added Tax Collections, Amending for the Purpose the National Internal Revenue Code of 1997, as Amended

• Allocates ten percent (10%) of the annual Value Added Tax (VAT) collections to support different education expenditures in the following proportions:
  • 30% for the construction of buildings, classrooms, toilets and other structures for preschool education
  • 10% for the funding of the Government Assistance to Students and Teachers in Private Education (GASTPE) program for preschool education
  • 10% for the acquisition and improvement of sites, the construction, replacement, rehabilitation and repair of buildings, classrooms, and other structures for elementary education
  • 30% for the acquisition and improvement of sites, the construction, replacement, rehabilitation and repair of buildings, classrooms, and other structures for secondary education
  • 10% for scholarship grants for technical education and skills development in the different regions
  • 10% for scholarship grants for qualified indigent students enrolled in science and engineering courses

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