NINETEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES 
First Regular Session
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SENATE
s. No. 550
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72 JUL13 P516
Introduced by Senator PIA S. CAYETANO
AN ACT
EXEMPTING DONATIONS AND REWARDS FOR OLYMPIC MEDALISTS AND 
THEIR COACHES FROM TAXES, AMENDING FOR THE PURPOSE REPUBLIC ACT 
NO. 10699
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 every four years. Only the best of the best make it 
to the Olympics, and only the top three in the world will receive a medal for each sport. 
The Philippines won its first ever gold medal in the 2020 Tokyo Olympics, through the 
hard work and dedication of weightlifter, Hidilyn Diaz. During the height COVID-19 
pandemic, when the Philippines was facing health-related difficulties and challenges, Diaz' 
victory brought hope and pride to our nation. While incentives received by the athletes 
are exempted from tax as provided for in Section 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 the outpouring of support from the private sector, the proposed bill was 
originally filed by the undersigned in the 18th Congress. It 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 the government. 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.
PIA S. CAYEmNO


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NINETEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES 
First Regular Session
*22 JUL13 P5:16
)
SENATE
S. No. 550
Q
Introduced by Senator PIA S. CAYETANO
AN ACT
EXEMPTING DONATIONS AND REWARDS FOR 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 of the Philippines in Congress 
assembled:
Section 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.
Sec. 2. Separability Clause. - If any portion or provision of this Act is subsequently 
declared invalid or unconstitutonal, other provisions hereof which are not affected
14 thereby shall remain in full force and effect.


Sec. 3. Repealing Cause. - 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. - This Act shall take effect fifteen (15) days after its publication 
in the Official Gazette or in a newspaper of general circulation.
Approved,