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Home » Philippines Online Gambling Operators Defaulting Taxes To Face Shut Down: Finance Secretary Carlos Dominguez
Philippines Online Gambling Operators Defaulting Taxes to Face Shut Down: Finance Secretary Carlos Dominguez
Philippines Online Gambling Operators Defaulting Taxes to Face Shut Down: Finance Secretary Carlos Dominguez
Asia

Philippines Online Gambling Operators Defaulting Taxes To Face Shut Down: Finance Secretary Carlos Dominguez

Troubles seem to be mounting for online gambling operators in the Philippines who haven’t paid their dues to the government.

In a recent statement, Philippines Finance Secretary Carlos Dominguez has ordered the country’s tax agency to shut all such online gambling operators who have not paid their taxes in full.

Reports emerged that the Bureau of Internal Revenue has failed to collect 21.6 billion pesos (US$420 million) in income taxes from online gambling operators. After the Finance Secretary found that the online gambling operators have not paid those taxes, on Sunday, he ordered the tax agency to shut down all such operators.

Recently, China asked the Philippines to put a complete ban on all online gambling operations in the country. “We have also taken note of the Philippine government’s announcement and appreciates it. We hope the Philippines will go further and ban all online gambling,” Chinese Foreign Ministry Spokesperson Geng Shuang said in a press briefing in Beijing.

However, after a meeting with Chinese President Xi Jinping, the Philippines President Rodrigo Duterte confirmed that they are not going to ban online gambling in the country.

However, Philippine Amusement Gaming Corp (PAGCOR), has confirmed that no new licenses will be issued to Philippine Offshore Gambling firms (POGOS).

Pagcor has collected almost P4 billion from POGO operations this year. Offshore operators operating in the country employ about 138,000 workers, and most of them are from China.

About the author

Utsav Kumar

Utsav Kumar

With a masters in literature and passionate about evolving technologies, Utsav has been covering the latest from the world of Blockchain, Artificial Intelligence, and AR for several online and print publications. He strongly believes that these evolving technologies have immense potentials to redefine existing online gambling infrastructures and can dramatically improve standards of customer protection. Utsav covers mostly compliance updates and other latest technical developments that impact the global casino and gambling industry. He can be reached out at [email protected]

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