Justice Secretary Jesus Crispin Remulla says the GOCC Dividends Law applies even to PCSO
This is AI generated summarization, which may have errors. For context, always refer to the full article.MANILA, Philippines – The Philippine Charity Sweepstakes Office is not exempt from declaring and remitting dividends to the Bureau of the Treasury, according to the Department of Justice .
Robles had knocked on DOJ’s doors after the Department of Finance required PCSO to remit dividends to the national treasury in accordance with Republic Act No. 7656.Republic Act 7656 – or the Government-Owned or Controlled Corporation Dividends Law – applies to all GOCCs, except those which are created to administer real or personal properties or hold funds for the use of its members.
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