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PCSO seeks lower stamp tax rate to hike contributions to UHC - Vimarsana News

PCSO seeks lower stamp tax rate to hike contributions to UHC

Published: February 4, 2023

HIGHER CONTRIBUTION TO UHC. The Philippine Charity Sweepstakes Office (PCSO) is lobbying Congress to reduce the documentary stamp tax rate imposed on its gross retail receipts to be able to raise its contributions to the Universal Health Care (UHC) law. PCSO chair Junie E. Cua said during a Senate hearing on Wednesday (Feb. 1, 2023) that reducing the DST rate to just 10 percent from the present 20 percent would hike PCSO's contributions by 170 percent, from a projected PHP1.25 billion to almost PHP3.4 billion, this year. (Photo courtesy of PCSO) MANILA - The Philippine Charity Sweepstakes ...

Source: philippinetimes.com
Related Topics:
Juniee CuaJoseph Victor EjercitoCharity FundPhilippine Health Insurance CorpHealth CarePhilippine Charity Sweepstakes OfficeCommittee On HealthUniversal Health CareSenator Joseph Victor EjercitoPhilippine Health InsuranceHigher Contribution To Uhc The Philippine Charity Sweepstakes Office Pcso Is Lobbying Congress Reduce Documentary Stamp Tax Rate Imposed On Its Gross Retail Receipts Be Able Raise Contributions Universal Health Care Law Chair Juniee Cua Said Duringa Senate Hearing Wednesday Feb 1023 That Reducing The Dst Rate To Just 10 Percent From Present 20 Would Hike Pcso 39s Contributions By 170Roma Projected Php1 25 Billion To Almost Php3 4His Year Photo Courtesy Of Pcso Manila The Philippine Charity Sweepstakes Office Will Be Able To Help More Indigent Filipinos Through Higher Contributions Universal Health Care Uhc If Agency 39s Documentary Stamps Tax Dst Rate Is Reduced 10 PercentTs Chairman Has Said Reducing The Dst Rate To 10 Percent From Current 20 Will Enable Pcso Raise Its Contributions Uhc By 170R Php2 BillionRoma Projected Php1 25 Billion To Almost Php3 4 This YearCso Chair Juniee Cua Tolda Senate Hearing Conducted By The Committee On Health And Demography Led Senator Joseph Victor Ejercito Feb 1 Quot You Will Note That Ability Of Pcso To Contribute Uhc Program Is Fact We Need Pay 20 Percent Our Receipts Way Documentary Stamp Tax This Runs Into Tens Billions Advocacy Right NowF We Can Be Allowed By CongressO Reduce Our Dst ObligationAtaas Yung Aming Contribution Sa Uhc Our To Will Increase Uot Cua Told Senators When Asked How The Pcso Could Contribute Further To Uhc He Noted That Php3 3 Billion And Php4 4 If Dst Rate Is Only 10 Percent 5Espectively In ResponseJercito Promised That The Senate Would Study Legislation On Proposed Reduction Of Dst RateAying That More Than Quot Php2 Billion Will Be Added To The Uhc From Pcso Alone In Perspective