Published May 18, 2021, 3:59 PM
Triple Crown winner Heneral Kalentong (Photo from Philracom)
With numerous events happening this year to help the industry continuously recover from the effects of the pandemic, the Philippine Racing Commission (Philracom) is appealing for the amendment of tax laws on horse racing.
While horse racing is slowly picking up its pace with the help of technology, Philracom chairman Aurelio “Reli” De Leon is calling on the national government to ease up the tax on horse racing and keep it at par with the standards of neighboring countries.
“Horse racing will still grow bigger than what we expect today. Sana lang po pakinggan din po ‘yung hiling namin na sana i-align lang ‘yung tax na kinukuha sa horse racing industry today comparable sa Asian racing industry,” De Leon said.