Hidilyn Diaz draft law gets final nod

  MANILA – The Hidilyn Diaz Law received approval from the House of Representatives, the Philippines’ lower house of Congress, on Tuesday (August 31). The law exempts rewards, bonuses, and emoluments for national athletes and coaches who compete or win international sports competitions from all taxes, fees, and charges. The chamber passed House Bill 9990 or the Hidilyn Diaz Law with 205 affirmative votes. The law seeks to amend the National Athletes and Coaches Benefits and Incentives Act. The bill was passed by House Speaker Lord Allan Velasco and House Ways and Means Committee Chair Joey Salceda following Diaz’s historic gold medal win in the Tokyo Olympics. Diaz dominated the weightlifting category and won the Philippines’ first gold medal in the Olympics. The Philippines also won two silver medals and a bronze in boxing. Salceda said the proposed law will clarify that all “rewards, bonuses, and other emoluments for national athletes and coaches shall be exempt from any and all taxes". “Our 2020 Olympic performance is our best ever finish,” said Salceda, explaining why the Philippines’ “highest ever” sports investment of P945 million paid off this year. CAM/Expat Media ALSO READ: Onyok Velasco gets reward 25 years after Olympic win
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