Kamara, inaprubahan ang pagbibigay ng tax exemption sa donasyon sa mga atletang sasabak sa international events
Kamara, inaprubahan ang pagbibigay ng tax exemption sa donasyon sa mga atletang sasabak sa international events
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00:00One good news for our athletes is that the House Committee on Ways and Means approved a tax exemption on donations for athletes who compete in international sports competitions.
00:16The House Bill 421 was approved just one day after two gold medals were awarded to the Philippine gymnast Carlos Yulo.
00:25Alpine Representative Joey Salceda explained that one of the benefits of this tax exemption is that it is important for our athletes to have sufficient funds for their training.
00:37In addition, it should not only be given to successful athletes, but their preparation should also be considered.
00:46Under the bill, donations for athletes' training should be exempted for at least one year before the competition.