MANILA, 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).
MANILA, Philippine s —The Supreme Court on Thursday 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 order stemmed from a petition for mandamus filed by Josseller Guiao to compel Pagcor , PCSO , and the Office of the President to remit funds to the PSC under Republic Act 6847, otherwise known as the law creating the PSC.
Pagcor argued that the PSC was not entitled to the full five percent of its gross income as PSC's share was still subject to deductions for the payment of 5 percent franchise tax, 50 percent share of the national government, and 10 percent subsidy to the National Power Corporation.For its part, the PCSO said that PSC's allocations were sourced from sweepstakes draws, not from lotto games.
Orders Pagcor PCSO To Remit Portion Of Income To Philippine Sports Commission
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