Registered POGOs face tax bureau audithome/Business/Top Business/Registered POGOs face tax bureau auditRegistered offshore gaming operators will be audited by the Bureau of Internal Revenue (BIR) to check if taxes paid to the government are correct. “We will counter-check if their remittances were correct against the income they generated,” BIR DeputyCommissioner Arnel Guballa told reporters late on Monday. Philippine offshore gaming operators (POGOs) are a burgeoning industry, with Philippine Amusement and Gaming Corp. (Pagcor) data showing that their operations generated P657 million in 2016, P3.924billion in 2017 and P7.365 billion in 2018. The BIR lists 54 POGOs with gaming licenses, of which 10 are local firms and 44 headquartered offshore. A Finance department-led interagency task force is concurrently working to ensure that foreigners employed by POGOs are paying income taxes.

Source: Manila Times April 16, 2019 16:30 UTC