PAGCOR<\/em><\/strong> activities as well as those run by the Philippine Charity and Sweepstakes Office (PCSO). It would also allow the\u00a0Bureau of Internal Revenue (BIR) to inspect and accredit gambling devices used to record the wages.<\/p>\n\n\n\nSalceda said while presenting the bill: \u201cThe operations are already legal, by virtue of local ordinances, but the electronic aspect of it is a legal grey area. Because of the ambiguity, we are unable to levy national taxes on these activities or look into their operations.” <\/p>\n","protected":false},"excerpt":{"rendered":"
The measure seeks to impose a tax of 5 per cent on gross revenues gained from offsite betting activities on locally licensed games. <\/p>\n","protected":false},"author":2,"featured_media":11305,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Legislators in the Philippines are proposing House Bill No. 7919 to impose a 5% tax on gross revenues from legal electronic sabong and other online betting activities, excluding PAGCOR and PCSO operations. This measure aims to formalize taxation and oversight for activities currently in a \"legal grey area\" due to lockdown measures and a decline in gaming tax income.","focusai_entities":"Philippine Amusement and Gaming Corp (PAGCOR), Philippine Charity and Sweepstakes Office (PCSO), Bureau of Internal Revenue (BIR), Joey Salceda","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.95), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Tax Impact Analysis","query":"What is the projected impact of this 5% GGR tax on the net gaming revenue (NGR) and EBITDA margins of key e-sabong and electronic betting operators in the Philippines?"},{"label":"Regulatory Framework Evolution","query":"How will the Bureau of Internal Revenue (BIR)'s new inspection and accreditation powers integrate with PAGCOR's existing B2B\/B2C licensing and governance frameworks for online gaming?"}],"footnotes":""},"categories":[161,154,16333],"tags":[405,128,2895],"class_list":["post-11303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-legislation-news","category-south-east-asia-news","tag-pagcor","tag-philippines","tag-taxes"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11303","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=11303"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11303\/revisions"}],"predecessor-version":[{"id":777010500,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11303\/revisions\/777010500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11305"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}