Philippine Department of Finance Supports Taxation Plan for Offshore Gaming Operators

The Philippine Department of Finance has issued a release announcing its support for a plan for the taxation of Philippine Offshore Gaming Operators (POGOs) and their service providers. The plan includes:

• a new 5% franchise tax on revenues generated by POGOs;
• the registration of POGOs as resident corporations as the basis for taxability;
• a gaming tax of USD 10,000 a month per table for a live set-up casino;
• a USD 5,000 a month gaming tax for random number generator (RNG)-based games; and
• a …