Tengco said PAGCOR's legal team was studying if the corporation can take a portion of the 50% of its income remitted to the national government as a contribution to the MIF.
“This is the 50% of our income remitted to the national treasury after paying the 5% franchise tax. Let's say PAGCOR's income reaches P10 billion, less five percent, that will be the base of the 50% [to be remitted to treasury],” Tengco said. Likewise, Tengco said PAGCOR was also looking at tapping its retained earnings in the bank for MIF investment since this was allowed under the PAGCOR charter.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più: