Philippines To Curb Tax Evasion Of iGaming Providers

17 Sep 2019

The Philippines’s government has had several reports of increased amount of tax evasion committed by the iGaming providers for casinos within the jurisdiction. These reports have spurred the government into action to help crack down and further prevent this from happening. They will also be catching those who have committed the crimes beforehand. The announcement of this reinforcement came after the banning call from China to shut down gambling operators within the Philippines that are not under the POGO system (Philippines Offshore Gaming Operators).

The direct response came from the Secretary of Philippines Finance, Carlos G. Dominguez III, as he began issuing a full investigation from the Philippines Bureau of Internal Revenue to fish out any providers avoiding their taxes by hiring unregistered employees. Other agencies within the country will also be participating in the crackdown. This includes the Office of President Duterte, Department of Justice, PAGCOR and many other establishments. Investigations are said to set off as soon as possible. This will be bringing huge changes to the country, since many of their finances lose over 24 million PHP in taxes for every 100,000 POGO employees who don’t pay their taxes.

While some of the agencies are insisting on a complete ban of these gaming providers, there is one organization that is fighting in their corner. The Trade Union Congress of the Philippines, also known as the TUCP, are proposing an establishing body which will control the growth of gaming providers in the gambling industry. This is said to help manage the workers that come in so that no employees are going under the radar.

The President of TUCP, Raymond Mendoza, issued the statement saying that the union is “assessing the POGO’s overall social implications and weighing the comprehensive benefits of this online gambling industry in our economy by putting on hold issuance of new operating licenses”.

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