THE government-run Philippine Charity Sweepstakes Office on Monday renewed its request to Congress to cut by half the existing documentary stamp tax rate of 20 percent on the purchase of lottery tickets in order to raise more money for their medical assistance program .
However, the PCSO briefing was quickly suspended after the presentation of its plans, programs, and strategies due to conflicting figures and data listed in the National Expenditure Program and its report to the lower chamber. The briefing was presided over by House Committee on Appropriations Senior Vice Chairperson Stella Luz Quimbo.
Following the enactment of the Tax Reform for Acceleration and Inclusion Law in December 2017, the DST rate was doubled to P0.20 from P0.10 per lotto ticket. “A reduction of 10 percent on DST would likewise increase our mandatory contributions as mandated by laws—assuming 10 percent—a total of P4.2 billion can be allotted by the agency to its mandatory contributions, of which P3.3 billion will be given to Universal Health Care,” she added.
Source: Healthcare Press (healthcarepress.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sentro Artista announces nationwide art contest in collaboration with PCSO | BusinessMirrorONE MILLION Peso grand prize is at stake in Sentro Artista's Nationwide Art Contest this year. The theme for this art contest is 'Hindi Umuurong sa Pagtulong' which is the mission of Philippine Charity Sweepstakes Office (PCSO). PCSO shares Sentro Artista Art hub's advocacy in promoting Filipino values and talents.…
Source: BusinessMirror - 🏆 19. / 59 Read more »
P1m up for grabs in ‘23 Sentro Artista art competition under PCSO auspicesThe theme for this year’s art contest is “Hindi Umuurong sa Pagtulong” which is the mission of Philippine Charity Sweepstakes Office (PCSO). ManilaStandard MSNews MSNational PCSO SentroArtista PCSOArtContest READ MORE:
Source: MlaStandard - 🏆 20. / 55 Read more »
Hearing on PCSO contributions to budget deferred due to conflicting dataThe House Committee on Appropriations deferred its hearing on the contributions of the PCSO to the proposed 2024 budget after lawmakers noted conflicting data in the agency’s presentation. | GabrielLaluINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »
LIVE UPDATES: Debates on the 2024 Philippine national budgetIt’s budget season again, and Congress has the annual herculean task of scrutinizing the spending plan of the current administration. Follow the budget debates in Congress through this live blog.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
No winners for Ultra, Super Lotto draws on Aug. 13There were no winners for Ultra Lotto 6/58 and Super Lotto 6/49 of the Philippine Charity Sweepstakes Office's (PCSO) draw on Sunday evening, Aug. 13.
Source: manilabulletin - 🏆 25. / 51 Read more »
P58-M Grand, Mega Lotto jackpots up for grabs on Aug.14 drawThe Grand Lotto 6/55 and Mega Lotto 6/45 jackpot prizes reached P58 million each before the Philippine Charity Sweepstakes Office’s (PCSO) evening draw on Monday, Aug.14.
Source: manilabulletin - 🏆 25. / 51 Read more »