Albay representative and House Ways and Means committee chairman Joey Sarte Salceda on Saturday, August 7, assured athletes that his committee would begin deliberating and approve the proposed "Hidilyn Diaz Act of 2021", which seeks to exempt rewards, bonuses, and other forms of emoluments for natio
A multi-medal haul mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
House ways and means committee chair and Albay 2nd District Representative Joey Salceda on Saturday said his panel is targeting to pass a measure seeking to exempt from all forms of taxes the rewards and donations to be given to winners in international sports competitions.
Eumir Marcial set to receive P7 million for Olympic bronze mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Published August 3, 2021, 2:35 PM
Photo from AFP
A financial windfall awaits Nesthy Petecio even if she fell short in her bid to win the country’s first-ever gold in boxing.
At this point, Petecio stands to receive a combined cash incentive of P20 million from the government and those from the private sector plus a condominium worth P10 million from a real estate company.
Petecio is already sure of getting P5 million from the government under the Republic Act 10699 or the National Athletes and Coaches Benefits and Incentives Act for claiming a silver in the Olympics.
Under the act, P10 million is given to Olympic gold medalists like weightlifter Hidilyn Diaz while those who would go home with the bronze will get P2 million.