MANILA, Philippines — A bill seeking to establish the tax regime covering Philippine offshore gaming operators (Pogos) reached the Senate plenary on Tuesday. Senator Pia Cayetano, the chairperson of the Senate ways and means committee, endorsed for plenary approval Senate Bill No. She attributed this to the lack of explicit tax provisions pertaining to offshore gaming licensees, including gaming operators, gaming agents, and service providers under the NIRC. “The practice of most Pogo entities to withhold and remit Withholding Tax on Compensation based on Section 24 of the NIRC, or the graduated income tax rates, instead of the 25 percent Final Withholding Tax will be corrected,” she noted. The measure, she noted, provides a minimum final withholding tax due of P12,500.00 for any taxable month from the said worker.

Source: Philippine Daily Inquirer May 25, 2021 09:11 UTC