To augment funds for charity, PCSO seeks tax exemption
By JOHN CARLO M. CAHINHINAN
The leadership of the Philippine Charity Sweepstakes Office (PCSO) has asked Congress to rationalize the agency’s tax obligation to further boost its charity service to the less fortunate Filipinos.
PCSO General Manager Royina Garma told members of the House Committee on Appropriations that there is a need to rationalize the tax obligations of the state-run charity organization especially that the amount of revenue being source to the national government is bigger compared to the proceeds for their social welfare and medical funds.
“I think it would be best if we will be exempted from taxation,” she said.
Garma noted that in 2018, the total earnings PCSO allocated for tax payments amounted to P16,789,508,000 compared to P9-billion allotment for charity services.
Albay Rep. Edcel Lagman agreed Garma’s pronouncment, noting that the primary obligation of the agency—charity and social welfare—must not be be deprived of the much needed sources and fundings.
“I could agree with you that there is need to rationalize your tax obligations becaue your charity which is the main function,” Lagman told Garma during the budget hearing.