Unauthorized collection of prize fund taxes reaches P4 billion, says Tulfo
MANILA, Philippines — There is a P4-billion unauthorized collection of prize fund taxes, Senator Raffy Tulfo said on Monday. The payment of prize fund tax has been repealed with the implementation of the Tax Reform for Acceleration and Inclusion (Train) law. Instead, a final tax of 20 percent is imposed on prizes and winnings of over […]
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