Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
The Supreme Court has ordered the Philippine Amusement and Gaming Corporation and the Philippine Charity Sweepstakes Office to remit a portion of their income to fund the Philippine Sports Commission . The SC En Banc granted the petition for mandamus filed by former lawmaker and basketball commissioner Joseller “Yeng” Guiao compelling the PAGCOR and the PSCO to remit funds to the PSC as provided by the Republic Act No. 6847 or the law creating the PSC.
The petition stemmed from Guiao’s argument that the government agencies involved “grossly violated their duty to implement the law, thereby causing a lack of funding for sports development projects.” However, PAGCOR responded that the PSC is not entitled to the full 5% of its gross income as the commission’s share is still subject to deductions for the payment of 5% franchise tax and 50% share of the national government.
Pagcor Philippine Charity Sweepstakes Office Philippine Sports Commission
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SC orders Pagcor, PCSO to remit portion of income to Philippine Sports CommissionMANILA, Philippines —The Supreme Court on Thursday ordered the Philippine Amusement and Gaming Corporation (Pagcor) and the Philippine Charity Sweepstakes Office (PCSO) to remit a portion of their income to fund the Philippine Sports Commission (PSC).
Read more »
Philippine, US navies hold joint exercise in West Philippine SeaLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
George Clooney backs Harris, lauds Biden for 'saving democracy:' statementLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
US Secret Service chief resigns following Trump assassination attemptLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Signal No. 2 in Batanes as Carina seen to leave PAR on Wednesday nightLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Day of upsets: Akari, Capital1 pull off massive wins vs. Choco Mucho, Petro GazzLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »