{"id":8166,"date":"2019-11-19T00:00:00","date_gmt":"2019-11-19T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/asia\/philippine-will-charge-a-5-extra-to-offshore-gambling-operators\/"},"modified":"2019-11-19T00:00:00","modified_gmt":"2019-11-19T00:00:00","slug":"philippine-will-charge-a-5-extra-to-offshore-gambling-operators","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/philippine-will-charge-a-5-extra-to-offshore-gambling-operators\/","title":{"rendered":"Philippine will charge a 5% extra to Offshore Gambling Operators"},"content":{"rendered":"<p align=\"justify\"><font size=\"4\">The Philippine House Committee on Ways and Means today approved a proposed 5% franchise tax on Philippine Offshore Gambling Operators (POGOs) and a 25% tax on the salaries of foreign POGO workers as part of an ongoing crackdown on tax-dodging foreign online gambling operators licensed in and operating from the Philippines.<\/p>\n<p><\/font><\/p>\n<p>&nbsp;<iframe loading=\"lazy\" width=\"100%\" height=\"320px\" src=\"http:\/\/s279572699.onlinehome.us\/banners\/iframe_banner_hera_h.html\" border=\"0\" frameborder=\"0\" scrolling=\"no\" allowtransparency=\"false\"><\/iframe><\/p>\n<p align=\"justify\"><font size=\"4\"><br \/>The measure&rsquo;s author, Albay Representative Joey Salceda, says that it could raise PHP45 billion (approx. $887.7 million) in taxes for the nation&rsquo;s coffers each year. The Philippines&rsquo; gambling regulator currently collects a 2% tax from locally licensed operators. POGOs thus contribute around PHP8 billion in annual taxes.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">Foreign POGO staffers will thus have to obtain a Tax Identification Number before being allowed to work in the Philippines&rsquo; online gambling industry.<\/p>\n<p><\/font><\/p>\n<p>&nbsp;<iframe loading=\"lazy\" width=\"100%\" height=\"320px\" src=\"http:\/\/s279572699.onlinehome.us\/banners\/iframe_banner_hera_h.html\" border=\"0\" frameborder=\"0\" scrolling=\"no\" allowtransparency=\"false\"><\/iframe><\/p>\n<p align=\"justify\"><font size=\"4\"><br \/>The bill reads that PAGCOR can only issue licenses to POGOs that have registered with BIR. Of the proposed 5% franchise tax, Rep. Salceda told reporters that it was a &ldquo;very proportional and reasonable&rdquo; rate, given the fact that the probability of winning at a casino is 18%, which means that POGOs&rsquo; gross winnings stand at an average 82%<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">No Copyright infringement intended. Video\/Photo Unknown Direct for credits\/issue or text us +57 3606412 &#8230; | Respect to Photographers &amp; Influencers<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foreign POGO staffers will thus have to obtain a Tax Identification Number before being allowed to work in the Philippines\u2019 online gambling industry.<\/p>\n","protected":false},"author":1,"featured_media":5410,"menu_order":462,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4070],"class_list":{"0":"post-8166","1":"asia","2":"type-asia","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-philippine-taxes-operator-casino-pagcor-regulations","8":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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