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These are the tax on lottery winnings and PCSO prizes, documentary stamp tax, and mining tax. With the implementation of the TRAIN Law, all PCSO lotto prizes are taxed at 20% if the prize exceeds ₱10,000. The documentary stamp tax has been doubled, resulting in stamp taxes ranging from ₱1.50 to ₱3.00.
Prizes and winnings from Philippine Charity Sweepstakes Office (PCSO) Lotto in excess of P10,000 (upon which individual prizes and winnings P10,000 or below are taxed on the basis of the income tax schedule for individuals) are taxed at the rate of 20%. [3]
The election saw the highest turnout since 1998, with about 56 million voters participating. Marcos received 31.6 million votes, the most votes ever cast for a candidate in a presidential election in the Philippines, while Duterte received 32.2 million votes, the most votes ever cast for a candidate in the country.
92 NUP 36 NPC 33 Nacionalista 32 PFP 10 Liberal 10 Others 40 Party-lists 61 Incumbent Speaker Martin Romualdez Lakas–CMD The 2025 Philippine general election will be held on May 12, 2025. During this midterm election, where the winners take office mid-way the term of President Bongbong Marcos, all 317 seats in the House of Representatives and 12 of the 24 seats in the Senate will be ...
Election day; voting for non-absentee voters in the Philippines: May 9, 2022: May 9, 2022: Counting of votes for city and municipal officials May 9, 2022 May 12, 2022 Counting of votes for provincial officials and members of Congress May 10, 2022 May 16, 2022 Term of office of winning candidates for local officials and House representatives
A tradition of Philippine politics, the "miting de avance" is the final political rally before the election itself. For the Duterte campaign, the miting de avance was held at Rizal Park in Manila; however, his campaign pointed to the Liberal Party of sabotaging the rally, as backhoes dug up holes in the park. The administrators of the park ...
Continue reading → The post How Taxes on Lottery Winnings Work appeared first on SmartAsset Blog. Up to an additional 13% could be withheld in state and local taxes, depending on where you live.
Elections in the Philippines are of several types. The president, vice-president, and the senators are elected for a six-year term, while the members of the House of Representatives, governors, vice-governors, members of the Sangguniang Panlalawigan (provincial board members), mayors, vice-mayors, members of the Sangguniang Panlungsod/members of the Sangguniang Bayan (city/municipal councilors ...