An Act Exempting from Taxes All Incentives, Rewards, Bonuses, Emoluments, Donations, Gifts, Endowments and Contributions Received by National Athletes and Coaches Who Win in International Sports Competitions, Amending for the Purpose Republic Act No. 10699, Otherwise Known as the 'national Athletes and Coaches Benefits and Incentives Act'
The bill would make any prize, cash award, or donation given to Filipino athletes or their coaches who win in approved international competitions completely free from all taxes, and would let donors deduct the full amount of their gifts.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/SBN-27. Status changes over time; check the link for the latest.
SBN-27 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.