Solons eye taxing POGO to boost funding

Lawmakers have expressed their wish to impose taxes on the Philippine Offshore Gaming Operators (POGO) to be used in other matters that need funding in the country.

In the hearing of the Senate Committee on Ways and Means, the POGO Offshore based licensees stated that they should not be required to register and pay taxes since they are considered as foreign-registered entities that do not earn from the Philippines.

The Philippine Amusement and Gaming Corporation (PAGCOR) rules and regulation do not include the registration of the POGO with the Bureau of Internal Revenue (BIR). However, they are required to write a letter of no objection from the local government unit (LGU) where their operations are located.

Meanwhile, the BIR sought to amend SECTION 22 of the Tax Code to acquire a clearer definition of the offshore gaming licensee and to include the 25% tax of alien individuals employed by POGO in Section 25. Report from Eunice Samonte

Popular

Malacañang urges caution on calls to expel Chinese envoy

By Ruth Abbey Gita-Carlos | Philippine News Agency Malacañang on Wednesday acknowledged calls for action against Chinese Ambassador to the Philippines Jing Quan over his...

Malacañang: Armed group sheltering Sen. dela Rosa a threat to nat’l security

By Dean Aubrey Caratiquet After several months of manhunt operations, authorities said that they have already identified the whereabouts of Senator Ronald “Bato” dela Rosa,...

Malacañang presses probe into reported Atong Ang escape

By Darryl John Esguerra | Philippine News Agency Malacañang on Wednesday called for an investigation into possible lapses in law enforcement after Interior Secretary Jonvic...

PBBM, Japan reaffirm bilateral ties, regional cooperation

By Ruth Abbey Gita-Carlos | Philippine News Agency President Ferdinand R. Marcos Jr. and Japanese Prime Minister Sanae Takaichi on Tuesday reaffirmed their commitment to...