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 …