Finance Secretary Carlos Dominguez III ordered the closure of all POGOs and their service providers which failed to settle their tax liabilities<\/p>\n\n\n\n\n\n\n\n
Philippines.- The Bureau of Internal Revenue (BIR) closed New Oriental Club88 Corporation (NOCC), a company serving Philippine Offshore Gaming Operators (POGO<\/em><\/strong>) after they failed paying taxes.<\/p>\n\n\n\n NOCC is registered as a customer relations service provider and live studio streaming provider. The reason is that the Para\u00f1aque offices were not registered with the BIR\u2019s district office.<\/p>\n\n\n\n BIR Deputy Commissioner for Operations Group Arnel Guballa served the closure order and padlocked the NOCC branches in the city. \u201cThey will not be allowed to resume business unless deficiencies are corrected and the estimated PHP1 billion tax debts paid,\u201d she declared.<\/p>\n\n\n\n NOCC employed 23,156 foreigners as of end-2018. Most of them are Chinese, according to a list of alien employment permit applications available online.<\/p>\n\n\n\n Finance Secretary Carlos Dominguez III ordered the closure of all POGOs and their service providers which failed to settle their tax liabilities. This came after the BIR reported that POGO firms were slow to pay \u20b121.62 billion in cumulative tax dues demanded from 130 operators and service providers.<\/p>\n\n\n\n The Department of Finance estimates \u20b12 billion in withholding taxes due from foreigners working in the POGO industry. Finance Secretary Carlos Dominguez III ordered the closure of all POGOs and their service providers which failed to settle their tax liabilities<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine Finance Secretary has mandated the closure of all Philippine Offshore Gaming Operators (POGOs) and their service providers failing to settle tax liabilities. This follows the Bureau of Internal Revenue's (BIR) closure of New Oriental Club88 Corporation (NOCC) for an estimated PHP1 billion in unpaid taxes and unregistered offices, amidst a broader P21.62 billion tax delinquency across the sector.","focusai_entities":"Carlos Dominguez III, Bureau of Internal Revenue (BIR), New Oriental Club88 Corporation (NOCC), Arnel Guballa, Department of Finance","focusai_location":"Philippines, Para\u00f1aque","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.97), operator_casino (0.95), payments_fraud_aml (0.75), investor_analyst (0.96), supplier_vendor (0.9), journalist_researcher (0.93)","focusai_suggestions":[{"label":"POGO Tax Impact","query":"What is the estimated total cumulative tax liability across all non-compliant POGOs and their service providers, and what is the government's strategy for recovery beyond closures?"},{"label":"Regulatory Framework Evolution","query":"How will the Department of Finance and BIR's enhanced enforcement impact the B2B\/B2C licensing and regulatory compliance frameworks for iGaming operators and service providers in the Philippines?"}],"footnotes":""},"categories":[160,439,16333],"tags":[512,128,2895],"class_list":["post-1078","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-legal-news","category-south-east-asia-news","tag-gaming","tag-philippines","tag-taxes"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=1078"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1078\/revisions"}],"predecessor-version":[{"id":777008211,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1078\/revisions\/777008211"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=1078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=1078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=1078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n","protected":false},"excerpt":{"rendered":"