Senate approves new tax on POGOs - BusinessWorld bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Apart from the 5% gaming tax, alien individuals employed by the POGO licensees and service providers will be subject to a 25% withholding tax rate, considering that they are not engaged in trade or business within the Philippine jurisdiction. Once enacted into law, the government is expected to collect an estimated P28.7 billion in revenues this year from all POGOs.
Amended economic blueprint for Bicol aims to reshape flagging economy
Philippine Information Agency
06 May 2021, 16:38 GMT+10
LEGAZPI CITY (PIA) Bicol Region is seeking to reverse the damage wrought by the COVID-19 pandemic on its economy by invigorating the agriculture, education and health sectors and pushing its key infrastructure projects through its modified economic stimulus measures, a state economist said.
Assistant Regional Director Edna Cynthia S. Berces of the state planning agency National Economic Development Authority (NEDA) said the Updated Bicol Regional Development Plan (RDP), which serves as the region s blueprint to enhance Bicolanos lives, would prioritize the completion of the Bicol International Airport, construction of farm-to-market roads and key infrastructures in innovation centers, implementation of the Universal Health Care Act, settlement programs, social protection, and improving the quality of instruction in education.
NEDA cites key reforms implemented under 2017-2022 PH Dev t Plan philippinetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philippinetimes.com Daily Mail and Mail on Sunday newspapers.