Gov t eyes P60 billion from POGO taxes in 2 years 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.
President Duterte has certified as urgent the Senate bill that seeks to allow the government to enforce improved tax collection on Philippine Offshore Gaming Operators (POGOs).
President Duterte (File photo/Malacañang) In a statement, Presidential Spokesman Harry Roque confirmed that Duterte cer
Bill imposing a 5% gaming tax on POGOs up for Senate debate By HANA BORDEY, GMA News
Published May 25, 2021 5:45pm A bill imposing a 5% gaming tax on all Philippine offshore gaming licensees, including gaming operators, gaming agents, and service providers, is now up for Senate plenary debate. Senate Ways and Means Committee chair Pia Cayetano on Tuesday sponsored Senate Bill 2232 which establishes a tax regime on Philippine Offshore Gaming Operators (POGO). In sponsoring the measure, Cayetano said the bill will address the claim of POGO operators that they are not required to register and pay taxes with the Bureau of Internal Revenue (BIR) as their income sources are not within the Philippines.