Republic of the Philippines
HOUSE OF REPRESENTATIVES
‘Quezon City

FIFTEENTH CONGRESS
First Regular Session

House Bill No. 3.48

Introduced by HONORABLE DANILO E. SUAREZ

EXPLANATORY NOTE

The Philippine government has continuously been trying to support the country's
athletes in various sporting events in the local and international arena. Despite the
seemingly inadequate funding for the sports development and training, our athletes
have consistently given us pride whenever they compete and come home victorious
from their respective sports competitions. As much as efforts have been made and
clamor for additional budget has been relayed, there is clear inability to provide the
much-needed financial requirement to ensure that our athletes be at par with their
international counterparts. It cannot be overemphasized that sports training and
development entail a huge a mount of money.

Itis in this light that a more serious plan for athletes is being undertaken. A more
active role by the private sector will give support and funding to help our Filipino athletes
prepare for international sporting events like the Asian Games and the Olympic Games.
The government, together with the Top 100 Corporations of the Philippines will work
hand in hand in addressing the financial inadequacy when it comes to sports-related
activities. These corporations will act as benefactors and will sponsor their chosen
events and/or athletes.

In recognition of the assistance which the Top 100 Corporations will extend, they
will be granted proper incentives in the form of income tax deductions, and will be
incorporated in the Philippine Sports Commission Act. This will highly encourage these
corporations to support the sports projects of the government.

With the aforementioned, the approval of this bills is earnestly sought.

al a
DANILO E, SUAREZ

Representative
Third District, Quezon


Republic of the Philippines
HOUSE OF THE REPRESENTATIVES
Quezon City

“FIFTEENTH CONGRESS
First Regular Session

House Bili No. _ 3

Introduced by the Honorable Danilo E. Suarez

AN ACT AMENDING SECTIONS 19 AND 20 OF REPUBLIC ACT NO. 6847,
OTHERWISE KNOWN AS “THE PHILIPPINE SPORTS COMMISSION ACT”

Be it enacted by the Senate and the House of Representatives of the Philippines
in Congress assembled: =

SECTION 1. Declaration of Policy. The State recognizes the vital role of the
youth in nation-building and shall promote and protect the physical, moral,
spiritual, intellectual and social well-being. It shall inculcate in the youth
patriotism and nationalism, and encourage their involvement in public and civic
affairs. The State shall likewise promote physical education and encourage
sports programs, league competitions and amateur sports, including training for
international competition, to foster self-discipline, teamwork, and excellence for
the development of a healthy and alert citizenry.

SECTION 2. Section 19 of The Philippine Sports Commission Act is hereby
amended to read as follows:

SECTION 19. Tax Exemptions of the Commission. - The Commission shall be
exempted from the payment of customs duties, taxes and tariffs on the
importation of sportswear, equipment, supplies, instruments and materials,
including those donated to the Commission, which are of international sports
standard not available from local manufacturers and only in such numbers as
may be required in the development of various sports and/or training of the
national pool of athletes. The importation of sportswear, equipment, supplies,
instruments and materials donated to the Philippine Olympic Committee and,
through the Commission, to the various national sports associations certified
under oath by the Commission to be required and necessary for the development
of sports in the country AND THOSE MADE BY CORPORATIONS WHO HAVE
SPONSORED ATHLETES AND/OR PARTICULAR SPORTS EVENTS shall also
be exempt from the payment of customs duties, taxes and tariffs.

SECTION 3. Section 20 of The Philippine Sports Commission Act is hereby
amended to read as follows:

SECTION 20. Tax Deduction or Exemption of Donations and Contributions. - All
donations and contributions to the Commission in connection with its fund-raising
projects and jts continuing sports development programs, AND THOSE
FINANCIAL SPONSORSHIPS BY CORPORATIONS TO FILIPINO ATHLETES
AND/OR PARTICULAR SPORTS EVENTS shall be exempt from the donor's


taxes, and shall be deductible in full in the computation of the taxable net income of
the donor. Donations and contributions to the Philippine Olympic Committee and/or
the various national sports associations certified by the Commission to be pursuant
to the development of sports in the country shall likewise be exempt from the
payment of the donor's and estate taxes and shall be deductible in full in computing
the taxable net income of the donor.

SECTION 4. Repealing Clause. - All laws, decrees, issuances, rules and regulations
inconsistent with the provision of this Act are hereby repealed.

SECTION 5. Effectivity Clause. This Act shall take effect within fifteen (15) days after its
publication in at least two ( 2) newspapers of general circulation

Approved.