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                    [ArticleID] => 108563
                    [Title] => BIR firm on chess purse tax
                    [Summary] => 

The Bureau of Internal Revenue, acting on a request from the Philippine Chess
Federation, yesterday released a copy of the revenue regulations, stating that
players' winnings are subjected to 20 percent final tax.

This upheld the PCF's decision to impose the tax scheme on the recent Chess
Pambansa Millennium Grand Prix prize money, a move that drew an uproar from the
players, particularly GM Rogelio Antonio, Jr., who was hardest hit by the
regulation. Antonio won the P1 million top prize.
                    [DatePublished] => 2000-04-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Sports
                    [SectionUrl] => sports
                    [URL] => 
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)

ASIAN CHAMPIONSHIP ZONE

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                    [ArticleID] => 108563
                    [Title] => BIR firm on chess purse tax
                    [Summary] => 

The Bureau of Internal Revenue, acting on a request from the Philippine Chess
Federation, yesterday released a copy of the revenue regulations, stating that
players' winnings are subjected to 20 percent final tax.

This upheld the PCF's decision to impose the tax scheme on the recent Chess
Pambansa Millennium Grand Prix prize money, a move that drew an uproar from the
players, particularly GM Rogelio Antonio, Jr., who was hardest hit by the
regulation. Antonio won the P1 million top prize.
                    [DatePublished] => 2000-04-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Sports
                    [SectionUrl] => sports
                    [URL] => 
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abtest

BIR firm on chess purse tax

April 27, 2000 - 12:00am

The Bureau of Internal Revenue, acting on a request from the Philippine Chess Federation, yesterday released a copy of the revenue regulations, stating that players' winnings are subjected to 20 percent final...

Sports