Section 22Sec./Art. 22

Section 190 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows:

"Section 190. Stamp Tax on Jai-Alai, Horse Racing Tickets, Lotto or Other Authorized Numbers Games. - On each jai-alai, horse race ticket, lotto, or other authorized number game, there shall be collected a documentary stamp tax of Twenty centavos (P0.20): Provided, That if the cost of the tickets exceeds One peso (P1.00), an additional tax of Twenty centavos on every One peso (P1.00), or fractional part thereof, shall be collected: Provided, further, That the documentary stamp tax on lotto and other number games conducted by the Philippine Charity Sweepstakes Office (PCSO) shall be imposed on the bettor and not on PCSO or any of its funds."