A report allegedly said BIR is planning to impose 25% Filipino Pride Tax on Manny Pacquiao’s winnings against Chris Algieri in Macau, China.
Some sources said BIR’s spokesperson Atty. Cory Rapt said that Pinoy pride like Manny Pacquiao will serve as an example to everyone to pay their taxes properly, and as a modern hero, he should not resist to this plan.
It said that the government wants at least 6 million dollars of Pacquiao’s prize pool (260 Million Pesos) after some sources revealed that Pacquiao will earn at least 25 Million Dollars on his last fight against Chris Algieri.
The BIR allegedly said in the announcement:
“Lingid sa kaalaman ng lahat mayroong batas ang Pilipinas tungkol sa Filipino Pride Tax, kung saan magkakaron ng karagdagang tax ang mga Pilipinong magbibigay karangalan sa bansa.”
“Many are not aware that the Philippines has a law about Filipino Pride Tax, wherein anyone who has brought pride and glory to the country will receive additional tax,” Kim Henares said.
“Dumagdag pa sa computation ng kanyang tax ang nakaraan nyang issue kung saan legal na madadagdagan ang tax nito kapag sinubukan nitong takasan ang kanyang responsibilidad, at syempre kaunting balato narin sa mga empleyado.”
“His recent issues also increased his total tax, it is legal [in the Philippines] for someones tax to exponentially increase if s/he tried to escape his/her responsibilities, and of course let’s add to the computation a small give away to the employees,” she jokingly added in BIR’s official statement.
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