Tax Increase on Jai-Alai and Horse-Racing Winnings

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PRESIDENTIAL DECREE NO. 1157: Tax Increase on Jai-Alai and Horse-Racing Winnings

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Title Source: 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.

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