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PCSO seeks lower stamp tax rate to hike contributions to UHC

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 Office (PCSO) will be able to help more indigent Filipinos through higher contributions to the Universal Health Care (UHC) if the agency's documentary stamps tax (DST) rate is reduced to 10 percent, its chairman has said. Reducing the DST rate to 10 percent from the current 20 percent will enable the PCSO to raise its contributions to the UHC by 170 percent, or PHP2 billion, from a projected P ....

Juniee Cua , Joseph Victor Ejercito , Charity Fund , Philippine Health Insurance Corp , Health Care , Philippine Charity Sweepstakes Office , Committee On Health , Universal Health Care , Senator Joseph Victor Ejercito , Philippine Health Insurance , Higher 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 1 , 023 That Reducing The Dst Rate To Just 10 Percent From Present 20 Would Hike Pcso 39s Contributions By 170 , Roma Projected Php1 25 Billion To Almost Php3 4 , His 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 Percent , Ts Chairman Has Said Reducing The Dst Rate To 10 Percent From Current 20 Will Enable Pcso Raise Its Contributions Uhc By 170 , R Php2 Billion , Roma Projected Php1 25 Billion To Almost Php3 4 This Year , Cso 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 Now , F We Can Be Allowed By Congress , O Reduce Our Dst Obligation , Ataas 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 5 , Espectively In Response , Jercito Promised That The Senate Would Study Legislation On Proposed Reduction Of Dst Rate , Aying That More Than Quot Php2 Billion Will Be Added To The Uhc From Pcso Alone In Perspective , Hp2 Billion Can Fund 769 ,