There’s a niche market for collectors of
sports trophies, title belts, championship rings and medals. But athletes do
not buy those trophies in stores; they pay for them with blood, sweat and
tears.
That said, shame on the Bureau of Customs
(BOC) for levying a P6,000 tax on the title belt won and brought home by a
Filipina boxer from abroad. She brings honor to the country and this is what
she gets in return?
The grant of tax exemptions to athletes for
their medals, belts and trophies should be automatic without requiring them to
suffer the red tape of getting exemptions at the finance department.
The only time sports memorabilia should be
assessed taxes is when they are sold to collectors. Seems common sense is not
so common at BOC.
What would the BOC tax next? The medals
brought home by amateur athletes from the Olympics (where we have yet to win a
gold), the Asian Games or Southeast Asian Games? –End-
Image by: Sunstar
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