Thursday, September 13, 2012

Lotto's mandatory contributions





The PCSO is mandated by virtue of a special law to contribute funds for the following government entities: the Philippine Sports Commission, the Commission on Higher Education, the Comprehensive and Integrated Shelter and Urban Development Financing Program, the Philippine Centennial Commission, the National Commission on Indigenous People, the Overseas Workers Welfare Administration, the Department of Foreign Affairs and the Quirino Memorial Medical Center.

The PCSO allocates to local government units a five percent (5%) share from the total sales of on-line lottery (lotto) outlets operating within their jurisdictions, including a documentary stamp tax from the said donation.
  • RA#6847 – Six (6) Sweepstakes Draws as contribution to the Philippine Sports Commission Program
  • RA#7722 – 1% of lotto gross sales to the Commission on Higher Education
  • RA#7660 – Documentary Stamp Tax – 10% of the gross sales
  • RA#7835 – 10% of Charity Fund to the Comprehensive and Integrated Shelter and Urban Development Financing Program (National Shelter Program)
  • RA#8042 – Sec.20 and 77 of the Omnibus Rules provides for the appropriation of Php10 million for the Shared Government Information System on Migration (SGISM) under the Department of Foreign Affairs
  • RA#8042 – Article IX Section 37 known as the Migrant Workers Act of 1995 – Php 150 million shall be funded from the proceeds of lotto draws taken from the Charity Fund for the Congressional Migrant Workers Scholarship Fund
  • RA#8175 – 10% of net income for the Crop Insurance Program
  • RA#8313 – Php100 million from lotto agents for the upgrading of the Quirino Memorial Medial Center
  • RA#8371 – Php 50 million contribution to the National Commission on Indegenous Peoples for the Ancestral Domain Find
  • RA#8492 – Php 250 million from the annual net earnings from lotto for the Museum Endowment Fund
  • RA#9165 – 10% share on forfeited rpizes as special account in the general fund of Dangerous Drugs Board
  • E.O.#201 – Php 1 billion Standby Fund for the financial requirement for Severe Acute Respiratory Syndrome (SARS) awareness and health promotion campaign
  • E.O.#218 – Php 1 billion Standy Fund for the operations and programs of the Philippine Drug Enforcement Agency
  • E.O.#280 – Php 250 million standy Fund for the financial requirements of the Avian Influenza or Bird Flu Viruses
  • E.O.#357 – 5% Lotto share of local government units from the Charity Fund

No comments:

Post a Comment