“Business executives and companies who gifted Olympic gold medalist Hidilyn Diaz with cash and other incentives have to pay donor's tax.”
What Vera Files found
Republic Act (RA) 7549, signed on May 22, 1992 by then-president Corazon Aquino, exempts private donors of cash incentives awarded to national athletes from paying the donor’s tax. Lawyer Larry Barcelo, BIR assistant commissioner for legal service, said that while the exemption "appears" to have been "impliedly repealed" by the 1997 Tax Code, it is likely that donations to Diaz will not be subject to donor's tax.
Their words, from the summary they publish with the rating.
In short
Harry Roque made this claim around 31 July 2021. Vera Files (Philippines) looked into it and published its finding on 26 August 2021, 26 days later. Its rating was “False”.
Harry Roque has 50 checked claims in this archive. Fact-checking organisations rated 31 of them false or fake, 18 misleading or mixed and 0 true.
Where the claim appeared
- pcoo.gov.phhttps://pcoo.gov.ph/OPS-content/on-exempting-filipino-athletes-winnings-and-prizes-from-t…
Links recorded by Vera Files. Some posts may have been deleted since.
This check was done by Vera Files, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.