Tax Increase on Jai-Alai and Horse-Racing Winnings

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Title Supreme Court: Tax Increase on Jai-Alai and Horse-Racing Winnings

Law: Presidential Decree No. 1157

Decision Date: Jun 3, 1977

A Philippine law enacted in 1977 increases the tax rates on winnings in Jai-Alai and horse racing to generate additional revenue for national development, while also regulating charity horse race sweepstakes and exempting horse races and sweepstakes prizes from income tax.

tax rates

winnings

horse racing

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