Philippine Finance Secretary Carlos Dominguez III has pledged his support to proposed legislation which would impose a 5 per cent franchise tax on revenue generated by Philippine Offshore Gaming Operators (POGOs) and their service providers.
Dominguez said he supports in principle a plan by Albay Rep. Joey Salceda to file the bill, which also aims to register POGOs as resident corporations as the basis for their taxability, but pointed out that under existing revenue rules, POGOs [...]
