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Philippines:Government Gets Tough On Offshore Gambling, Higher Taxes On POGOs On The Table
Philippines:Government Gets Tough On Offshore Gambling, Higher Taxes On POGOs On The Table
Asia

Philippines:Government Gets Tough On Offshore Gambling, Higher Taxes On POGOs On The Table

The problems for the offshore online gambling industry in the Philippines seems not to end any time soon. The government has demonstrated that it is all set to make it difficult for POGOs in the country, especially after the Chinese government called for banning all sorts of online gambling in the region.

House of Representatives member Joey Salceda has come up with a proposal that calls for a 5% franchise tax on POGOs. This would be in addition to the current taxes and fees levied on these licensed gambling establishments.

On top of the 5 percent franchise tax, the lawmaker has also proposed a gambling tax of $10,000 per table for live betting operations, and $5,000 for RNG games.

The Senator’s proposal is already being backed by the country’s gambling regulatory authority the Philippine Amusement and Gaming Corporation (PAGCOR) and the Department of Finance (DOF).

DOF Secretary Carlos said that thinks that it is a good idea in general. PAGCOR chief Andrea Domingo believes that a new minimum guarantee calculation will double its expected return from POGOs.

Earlier in August, 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 appreciate 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, Philippines President Rodrigo Duterte rejected China’s demands and said that banning Pogos would negatively impact the country’s economy.

About the author

Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at [email protected]

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