- Pending franchise tax included in emergency fund act
- Government estimates $3.4bn in revenue from POGOs
A new Philippine law will tax online gaming companies on 5 percent of turnover, escalating pressure on operators hit by pandemic restrictions and tougher tax scrutiny.
Following sign-off from Congress in late August, Philippine President Rodrigo Duterte on Friday approved the Bayanihan To Recover As One Act, which extends pandemic emergency powers granted to him in late March.
Gaming operators and service providers will now pay tax on the full volume of gaming operations, instead of net winnings.
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