Power Philippines Will Raise The Tax On Gambling Business

The filipin legislative body proposed to introduce a tax of 5% on the income received by the licensed online gembling operators.

The bill was filed in the chamber of representatives of the philippines of its member joey salssion. The essence of the document is that philippine offshore gambling operators (pogo) and their service providers have begun to pay 5% tax and registered as resident corporations.

It is also planned to establish a monthly tax on board games of $ 10 thousand. And monthly tax of $ 5 thousand. With games working on the basis of a random number generator (rng), for example, such as slot machines. It would also establish an estimated income tax in size of $ 1,000 and relieved from evaluation based on actual income.

Pogo registered in bir since 2018. The company has 108,914 foreign employees. In this regard, the philippines began to make more efforts in order for taxes to be paid completely. Those operators who do not fulfill this condition threatens the closure of the business.

Recall uefa looking for a partner to deal with the contractual matches.