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PCSO: P2B more charity fund with lower documentary stamp tax

MANILA - More indigent persons and their families will be aided by the Philippine Charity Sweepstake Office (PCSO) through the Universal Health Care (UHC) once the agency's documentary stamp tax (DST) rate is lowered to 10 percent. This was emphasized by PCSO chairman Junie E. Cua during a recent Senate hearing conducted by the Committee on Health and Demography led by Senator Joseph Victor Ejercito as he highlighted the agency's advocacy of boosting funds for the government's social programs, especially on health. Cua said lowering the DST rate to 10 percent from the current 20 percent, would hike PCSO's contributions by 170 percent, from a projected PHP1.25 billion to almost PHP3.4 billion, this year, an increase of a little more than PHP2 billion. "You will note that the ability of PCSO to contribute to the UHC program is the fact that we need to pay 20 percent of our receipts by way of Documentary Stamp Tax and this runs into tens of billions. Our advocacy righ ....

Juniee Cua , Joseph Victor Ejercito , Charity Fund , Philippine Health Insurance Corporation Philhealth , Philippine Charity Sweepstake Office , Health Care , Committee On Health , Universal Health Care , Senator Joseph Victor Ejercito , Documentary Stamp Tax , Philippine Health Insurance Corporation , Manila More Indigent Persons And Their Families Will Be Aided By The Philippine Charity Sweepstake Office Pcso Through Universal Health Care Uhc Once Agency 39s Documentary Stamp Tax Dst Rate Is Lowered To 10 Percent This Was Emphasized Chairman Juniee Cua Duringa Recent Senate Hearing Conducted Committee On Demography Led Senator Joseph Victor Ejercito As He Highlighted Advocacy Of Boosting Funds For Government Social Programs , Specially On Health Cua Said Lowering The Dst Rate To 10 Percent From Current 20 , Ould Hike Pcso 39s Contributions By 170 Percent , Roma Projected Php1 25 Billion To Almost Php3 4 , His Year , N Increase Ofa Little More Than Php2 Billion Quot You Will Note That The Ability Of Pcso To Contribute Uhc Program Is Fact We Need Pay 20 Percent Our Receipts By Way Documentary Stamp Tax And This Runs Into Tens Billions Advocacy Right Now , F We Can Be Allowed By Congress To Reduce Our Dst Obligation , Ataas Yung Aming It Will Increase Our Contribution Sa Uhc So Projection , Ung If 10 Percent Lang Ang Aming Our Documentary Stamp Tax , Ng Aming Contribution Ay Aabot Our Will Reach Php3 3 Billion At Kung And If 5 Percent , Abutin Yan Ng It Will Reach Php4 4 Billion , Uot Cua Told Senators When Asked How The Pcso Can Contribute Further To Uhc In Response , Jercito Vowed That The Senate Will Study Proposed Legislation Lowering Dst Rate , Specially Noting The Fact That More Than Quot Php 2 Billion Will Be Added To Uhc From Pcso Alone In Perspective , Hp2 Billion Can Fund 769 ,

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 ,