PCSO charter needs amendment to remove 20% tax on lottery winnings

WITH - tion and Inclusion (TRAIN) law now implemented, there is no recourse but to Republic Act 1169, the Charter of the (PCSO), if the agency wants its lottery

on all PCSO lottery games prizes if the

Code (NIRC), lotto winnings and all

agency last Friday to enlighten them on the effect if TRAIN law.

- ning bettors that might discourage the lottery games of PCSO such as Lotto, BIR expert Marivic Gaban (facing crowd) explains to PCSO officials the pros and cons of the 20 percent tax on lottery winnings under the TRAIN Law - tery (STL) and Sweepstakes.

gaming public,” Balutan said.

“But according to our lawmakers, that’s still a windfall. If you win P100 million Balutan added.

He said he is optimistic that despite the new law, PCSO will continue to earn

“The gaming public has renewed its

From January to February of this year, the PCSO reported a slight increase in

by 2.81 percent, registering at P5.384 - enues for the same period in 2017.

“Of all number games, Ultra Lotto 6/ 58 had the highest reported sales at P861,377,840 with 83.91 percent increase, followed by Super Lotto at P454,712,080 sales with 25.78 percent increase,” he said.

Grand Lotto 6/55 similarly increased at 2.92 percent with P401,667,840 reported sales.

Lotto 6/ 42 and Mega Lotto had P388,657,760 and P428,712,080 reported 14 percent and 28 percent.

“This is the great thing happening now. The people are continuously patronizing PCSO’s gaming products. Of course, we are happy that PCSO has increased earnings, which means we can help our people more, especially those that need medical

He assured the public that the agency will continue its efforts to

“Sabuwan-buwannaipinapatongsa [PCSO] na nangmagkuwentakami dati-ratiangibinibigaynaminna mula salahatngating lottery games ay P500 million. Ngayon,aabotnang P1 billion PCSO from lottery, it was at P500 million. Now, it reaches P1 billion),” Balutan said.

of PCSO this year that could reach up to P60 billion.