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Republic of the Philippines
HOUSE OF REPRESENTATIVES
Queson City

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EIGHTEENTH CONGRESS
Third Regular Session

HOUSE BILL NO. 10132

Introduced by HON. LUIS RAYMUND “LRAY” F. VILLAFUERTE, JR.

AN ACT
EXEMPTING DONATIONS AND REWARDS IN FAVOR OF OLYMPIC MEDALISTS
AND THEIR COACHES FROM TAXES, AMENDING FOR THE PURPOSE REPUBLIC
ACT NO. 10699

The Olympic games are held only every four years. Recently, the Philippines had its best
showing in the Olympics yet, with Hidilyn Diaz winning the first ever gold in the Olympics
for the Philippines.

While incentives received by the athletes are exempted from tax as provided for in Sec.
32 of the National Internal Revenue Code, those received from the private sector are stil
subject to the six percent (6%) donor's tax. This measure proposes tax exemptions from
both public and private sources, such that the cash incentives, bonuses, rewards, and
other forms of emoluments received by national athletes and their coaches, who win in
the Summer Olympic Games and Winter Olympic Games, shall be exempted from any
and all taxes. Private companies and individuals are recognized in their support of our
Filipino athletes and the promotion of our sports programs.

In view of the foregoing, immediate passage of this bill is earnestly sought.

\Y” F. VILLAFUERTE, JR.


Republic of the Philippines
HOUSE OF REPRESENTATIVES
Queson City

EIGHTEENTH CONGRESS
Third Regular Session

HOUSE BILL No10132

Introduced by HON. LUIS RAYMUND “LRAY” F, VILLAFUERTE, JR.

AN ACT
EXEMPTING DONATIONS AND REWARDS IN FAVOR OF OLYMPIC MEDALISTS.
AND THEIR COACHES FROM TAXES, AMENDING FOR THE PURPOSE REPUBLIC
ACT NO. 10699

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

SEC. 1. A new section designated as Section 10-A of Republic Act No. 10699 is hereby
added and shall read as follows:

SEC. 10-A. TAX EXEMPTION. THE CASH INCENTIVES, BONUSES,
REWARDS, AND OTHER FORMS OF EMOLUMENTS RECEIVED BY
OLYMPIC MEDALISTS AND THEIR COACHES, WHETHER THE SAME IS
FROM PUBLIC FUNDS OR PRIVATE PERSONS OR ENTITIES, SHALL BE
EXEMPT FROM ANY AND ALL TAXES, FEES, AND CHARGES LEVIED
BY ANY GOVERNMENT AGENCY, LOCAL OR NATIONAL, SUBJECT TO
THE RULES AND REGULATIONS TO BE ISSUED BY THE SECRETARY
OF FINANCE, AS RECOMMENDED BY THE COMMISSIONER OF
INTERNAL REVENUE. PROVIDED, THAT THIS SECTION SHALL HAVE
RETROACTIVE EFFECT ON NATIONAL ATHLETES AND COACHES
WHO WON IN THE 2020 SUMMER OLYMPIC GAMES IN TOKYO, JAPAN.

SEC. 2. Separability Clause. If any portion or provision of this Act is subsequently
declared invalid or unconstitutional, other provisions hereof which are not affected
thereby shall remain in full force and effect.

SEC. 3. Repealing Clause. — All laws, decrees, orders, rules and regulations and other
issuances or parts thereof, which are inconsistent with this Act, are hereby repealed or
modified accordingly.

SEC. 4. Effectivity Clause. — This Act shall take effect fifteen (15) days after its
publication in the Official Gazette or in a newspaper of general circulation.

Approved,