Question & AnswerQ&A (PRESIDENTIAL DECREE NO. 1966)
Presidential Decree No. 1966 further amends Presidential Decree No. 810, particularly provisions related to the operation, conduct, and financial distribution of Basque Pelota games and similar games of skill in the Philippines.
Sixty-nine percent (69%) of the total wager fund is distributed as dividends to winners, seventeen percent (17%) as commission fee to the grantee, four percent (4%) for special projects directed by the President, and ten percent (10%) as a final tax remitted to the Bureau of Internal Revenue.
The four percent (4%) allocation is set aside for special health, educational, civic, cultural, charitable, social welfare, sports, and other similar projects as may be directed by the President.
The final ten percent (10%) tax excludes income tax and no other taxes shall be levied upon booking stations established pursuant to this Decree.
Yes. The grantee is authorized to hold Basque Pelota games, including pala, raqueta, cestapunta, remonte, and mano, within Metro Manila, its branches for booking purposes, or any other place within the Philippines subject to existing rules and regulations.
The requirement for the grantee to operate, construct and maintain a fronton for Basque Pelota with mechanical or computerized devices such as electric totalizators for clean, honest, and orderly games within three years from the grant of the franchise.
All laws, decrees, orders, rules, and regulations inconsistent with PD No. 1966 are repealed or modified accordingly.
It took effect immediately upon its signing on January 11, 1985.
The final tax of ten percent (10%) is to be remitted quarterly to the Bureau of Internal Revenue.