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Philippines’ Department of Finance backs planned POGO tax

23rd October 2019 6:31 am GMT
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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 [...]

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