suspended operations<\/a><\/em><\/strong> of four POGO service providers that were withholding taxes, although it seems most of those organisations are now paying what they owe.<\/p>\n\n\n\n\u201cThey are complying. Those who have been notified are going to the office to pay the right taxes. Actually, some have already complied and paid their taxes so our tax collections from POGOs improved.\u201d the BIR\u2019s Chief Revenue Officer, Remedios Advincula Jr, said.
<\/p>\n","protected":false},"excerpt":{"rendered":"
Tax revenues up on the previous year after the regulator launched a crackdown on companies found to be withholding taxes.<\/p>\n","protected":false},"author":2,"featured_media":2927,"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 Philippines' Department of Finance reported a significant increase in 2019 tax collections from Philippine Offshore Gaming Operators (POGOs) and their service providers, reaching Php6.42 billion, up from Php2.38 billion in 2018. This surge is attributed to a regulatory crackdown by the Bureau of Internal Revenue on entities found to be withholding taxes, leading to improved compliance and payments from previously non-compliant operators.","focusai_entities":"Philippines Department of Finance (DoF), Philippine Offshore Gaming Operators (POGOs), Bureau of Internal Revenue (BIR), Remedios Advincula Jr","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.85), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"POGO Tax Impact","query":"What is the projected long-term impact of this intensified tax enforcement on the operational viability and market consolidation within the Philippine Offshore Gaming Operator (POGO) sector?"},{"label":"Regulatory Framework Evolution","query":"How might the success of this tax crackdown influence the broader regulatory compliance and governance frameworks applied to other gaming verticals or emerging iGaming markets in Southeast Asia?"}],"footnotes":""},"categories":[160,163,158,16333],"tags":[128,1205,2895],"class_list":["post-2925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-finance-news","category-slider-home","category-south-east-asia-news","tag-philippines","tag-pogo","tag-taxes"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2925","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=2925"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2925\/revisions"}],"predecessor-version":[{"id":777008652,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2925\/revisions\/777008652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2927"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}