No taxes for ‘Golden Boy’ Yulo – BIR
MANILA: Gymnast Carlos Yulo, the country’s first double-gold medalist in the 2024 Paris Olympics, does not have to pay taxes for the prizes, awards, rewards, gifts, and donations he received by virtue of his historic performance, Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. said on Monday. In a news release, Lumagui said the National Internal Revenue Code (NIRC), as amended, allows for Yulo to receive these cash and properties without paying taxes. “The BIR congratulates our two-time Olympic gold medalist for his performance in the 2024 Paris Olympics. You are an inspiration to the men and women of