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Recent developments on RA 10699
POC gives $5k incentive to PH men's curling team for historic gold win
Each member of the Philippine men's curling team received an additional $5,000 (around P291,000) cash incentive from the Philippine Olympic Committee (POC) for their historic gold medal win at the 9th Asian Winter Games in Harbin, China.
POC to ask PBBM for funding for PH men's curling team
The Philippine Olympic Committee (POC) will request funding from President Ferdinand R. Marcos, Jr. for the country's men's curling team following their historic gold medal win at the Asian Winter Games.
Carlos Yulo exempt from taxes on Olympic prizes
The Bureau of Internal Revenue (BIR) has confirmed that two-time Olympic gold medalist Carlos Yulo is exempt from paying taxes on his prizes and incentives.
House OKs tax exemption for athletes' cash grants and prizes
The House of Representatives approved on third reading House Bill No. 10723, which grants tax exemption to cash grants and prizes received by national athletes and coaches, with 203 lawmakers voting in favor and none against.
House approves tax exemption for athletes' rewards
The House of Representatives approved on second reading House Bill No. 10723, which exempts cash rewards and incentives for national athletes and coaches from taxation.
PBBM awards P44M to Paris Olympics athletes
President Ferdinand "Bongbong" Marcos Jr. awarded P1 million each to the 22 Filipino athletes who competed in the 2024 Paris Olympics, totaling P22 million from the Office of the President.
PBBM doubles Paris Olympics incentives for athletes and coaches
President Ferdinand Marcos Jr. honored Filipino athletes and coaches who participated in the 2024 Paris Olympics, doubling their cash incentives.
Marcos Jr. to honor PH Olympians with cash incentives
President Ferdinand Marcos Jr. will honor Filipino Olympians, including gymnastics hero Carlos Yulo and boxing medalists Nesthy Petecio and Aira Villegas, upon their arrival from the Paris Olympics.
Marcos Jr. congratulates Aira Villegas on Olympic bronze medal
President Ferdinand R. Marcos Jr. congratulated Filipina boxer Aira Villegas for winning a bronze medal in the women's 50kg boxing at the 2024 Paris Olympics.
Carlos Yulo wins 2nd Olympic gold in vault final
Gymnast Carlos Yulo made history for the Philippines by winning the country's first-ever Olympic gold medal in men's floor exercise at the Paris 2024 Games on August 3.