MANILA, Philippines — The Philippine Charity Sweepstakes Office on Friday said it wants to be exempted from paying taxes.
“In what manner should we make that rationalization? Are we going to decrease your tax obligation or exempt you from taxes?,” Lagman asked.Lagman agreed with Garma that “there is a need to rationalize your tax obligation.” Garma proposed that 30 percent of the PCSO’s total revenue, minus the taxes and the mandatory contribution, be allocated to charity. This amounts to over P18 billion, she said.
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