require all foreign POGO employees to have a tax identification number<\/strong>. The other change prevents the Aurora Pacific Economic Zone and Freeport from issuing new POGO licences.<\/p>\n\n\n\nUnder the new bill, those licences that are currently registered will be under the purview of PAGCOR.<\/p>\n\n\n\n
The bill states that POGOs will have to pay 5 per cent on gross gaming revenue. Foreigners employed in online casinos and their service providers must pay 25 per cent income tax<\/strong>. <\/p>\n","protected":false},"excerpt":{"rendered":"Authorities have announced that general community quarantine (GCQ) in Manila will be extended until August 15 due to a rise in cases of the delta variant of Covid-19.<\/p>\n","protected":false},"author":176,"featured_media":18990,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Manila's General Community Quarantine (GCQ) is extended until August 15 due to rising Delta variant cases, impacting land-based casino operations with varying restrictions for Okada Manila, City of Dreams Manila, and Solaire. Concurrently, a bill imposing a 5% Gross Gaming Revenue (GGR) tax on Philippine Offshore Gaming Operators (POGOs) and a 25% income tax on foreign employees is poised for approval, centralizing POGO licensing under PAGCOR and preventing new licenses from the Aurora Pacific Economic Zone.","focusai_entities":"Okada Manila, AC Health, Byron Yip, City of Dreams Manila, Solaire, PAGCOR, Department of Finance, Ministry of Health, Aurora Pacific Economic Zone and Freeport","focusai_location":"Manila, The Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.95), operator_casino (0.95), affiliate_publisher (0.7), marketing_crm (0.75), payments_fraud_aml (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"POGO Tax Impact?","query":"How will the 5% GGR tax and 25% foreign employee income tax impact the profitability and operational viability of existing POGOs, particularly given the shift in licensing authority to PAGCOR?"},{"label":"Casino Recovery Timeline?","query":"What is the projected timeline for the full operational recovery of integrated resorts in Manila, considering the persistent GCQ extensions and varying access restrictions, and how will this affect their Q3\/Q4 GGR?"}],"footnotes":""},"categories":[23876,16333],"tags":[23907],"class_list":["post-20812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-news","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20812","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=20812"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20812\/revisions"}],"predecessor-version":[{"id":20853,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20812\/revisions\/20853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18990"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=20812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=20812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=20812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}