“Through Republic Act No. 10699 enacted in 2015 during the term of then President Benigno Aquino III, Congress granted tax exemption on winnings of national athletes.”
What Vera Files found
It is Republic Act No. 7549, enacted on May 22, 1992 during the term of the late President Corazon C. Aquino, that exempts from income tax payments “all prizes and awards” granted to athletes participating in local or international competitions. The same exemption applies to prize donors who are otherwise obliged to pay donor’s tax.
Their words, from the summary they publish with the rating.
In short
Franklin Drilon made this claim around 30 July 2021. Vera Files (Philippines) looked into it and published its finding on 9 August 2021, 10 days later. Its rating was “False”.
Where the claim appeared
- legacy.senate.gov.phhttp://legacy.senate.gov.ph/press_release/2021/0730_drilon2.asp
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.