MANILA, Philippines — The Senate on Wednesday approved on third and final reading a bill clarifying the tax liabilities of Philippine offshore gaming operators (Pogos). Voting 16-3-0, the chamber passed Senate Bill No. READ: Duterte certifies Pogo tax regime bill as urgentUnder the bill, all offshore gaming licensees, regardless of whether Philippine or foreign-based will be considered doing business in the Philippines and will have to pay a 5-percent gaming tax on the gross gaming revenue or receipts derived from their gaming operations. Foreigners employed by offshore gaming licensees and service providers will be subjected to a 25-percent withholding tax. Pogo entities include Philippine and foreign-based offshore gaming operators, local gaming agents, and service providers.

Source: Philippine Daily Inquirer June 02, 2021 13:02 UTC