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ANAKALUSUGAN urges PCSO to extend more health services, calls for reduction of PCSO documentary stamp tax rate
ANAKALUSUGAN Party-list again lent its voice to the growing clamor for more funds for health services as it expressed support for the call of the Philippine Charity Sweepstakes Office (PCSO) to lower their Documentary Stamp Tax (DST).
“The reduction in the documentary stamp tax rates of PCSO means huge savings that could be allotted instead to health-centric programs directly aimed at aiding the poor such as medical assistance, purchase of ambulances for lower class municipalities, medicines for local government units, and medical equipment, as well as budget for hospital fees of indigent patients,” Representative Ray Florence Reyes stated.
In a statement last week at the House of Representatives, PCSO Chairman Junie Cua publicly expressed to the Appropriations Committee his request for the reduction of documentary tax payments as the current rate prohibits the charitable agency from allocating more funds for treatment and hospitalization of Filipinos living below the poverty line.
Chairperson Cua earlier divulged that PCSO’s expense for the said charge reduced the government corporation’s budget for medical access program by P7 billion.
Cua also asked Congress to lower the said tax to 5 percent, similar to what the Philippine Amusement and Gaming Corp. (PAGCOR) pays.
At present, PCSO is charged 20 percent in documentary stamp taxes.
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September 6, 2022
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