EIGHTEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES
Third Regular Session
)
)
SENATE 
S. No. 2341
August
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Introduced by SENATOR PIA CAYETANO
EXPLANATORY NOTE
Article XIV, Section 19 (1) of the 1987 Philippine Constitution recognizes that "the State 
shall promote physical education and encourage sports programs, league competitions, and 
amateur sports, including training for international competitions, to foster self-discipline, 
teamwork, and excellence for the development of a healthy and alert citizenry."
The Olympic games are held only every four years. Only the best of the best make it 
there, and only the top three in the world will receive a medal. Recently, the Philippines won 
its first ever gold in the Olympics, through the hardwork and dedication of weightlifter, Hidilyn 
Diaz. During this time of a pandemic, where the Philippines is facing difficulties and 
challenges, Hidilyn’s win brought hope and pride to our nation. Meanwhile, as of this writing, 
Nesthy Petecio is assured of the silver in women's featherweight boxing while Eumir Marcial 
is assured of the bronze in men's middleweight boxing. Also, a number of other Filipino 
athletes have qualified for the finals and have a chance of winning a medal.
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 still 
subject to the six percent (6%) donor's tax.
Given that there is an outpouring of support from the private sector, the proposed bill 
seeks to provide 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, fees, and charges levied by any government agency. 
Thus, recognizing the pivotal role of private companies and individuals as government's 
partners in supporting Filipino athletes.
In view of the foregoing, immediate passage of this bill is earnestly sought.
&


EIGHTEENTH CONGRESS OF THE ) 
REPUBLIC OF THE PHILIPPINES 
)
Third Regular Session 
)
SENATE 
S. No. 2341
August
7>ME¥
Introduced by SENATOR PIA CAYETANO
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 House of Representatives by the Congress 
assembled:
1 
SEC. 1. A new section designated as Section 10-A of Republic Act No. 10699
2 
is hereby added and shall read as follows:
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SEC. 10-A. TAX EXEMPTION. THE CASH INCENTIVES,
4 
BONUSES, REWARDS, AND OTHER FORMS OF EMOLUMENTS
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RECEIVED BY OLYMPIC MEDALISTS AND THEIR COACHES,
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WHETHER THE SAME IS FROM PUBLIC FUNDS OR PRIVATE
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PERSONS OR ENTITIES, SHALL BE EXEMPT FROM ANY AND ALL
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TAXES, FEES, AND CHARGES LEVIED BY ANY GOVERNMENT
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AGENCY, LOCAL OR NATIONAL, SUBJECT TO THE RULES AND
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REGULATIONS TO BE ISSUED BY THE SECRETARY OF FINANCE, AS
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RECOMMENDED BY THE COMMISSIONER OF INTERNAL REVENUE.
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PROVIDED, THAT THIS SECTION SHALL HAVE RETROACTIVE
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EFFECT ON NATIONAL ATHLETES AND COACHES WHO WON IN THE
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2020 SUMMER OLYMPIC GAMES IN TOKYO, JAPAN.
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SEC. 2. Separability Ciause. - If any portion or provision of this Act is
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subsequently declared invalid or unconstitutional, other provisions hereof which are
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not affected thereby shall remain in full force and effect.
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SEC. 3. Repealing Clause. - All laws, decrees, orders, rules and regulations
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and other issuances or parts thereof, which are inconsistent with this Act, are hereby
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repealed or modified accordingly.
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SEC. 4. Effectivity. - This Act shall take effect fifteen (15) days after its
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publication in the Official Gazette or in a newspaper of general circulation.
Approved,