at least two companies were leaving the Philippines<\/strong><\/em><\/a> because they had not been allowed to resume operations due to unpaid taxes.<\/p>\n\n\n\nShe said: “If this continues, we will lose a lot more than what these lawmakers want the public to believe.”<\/p>\n\n\n\n
According to GMA, Gutierrez is worried about job losses, the impact on the real estate industry, and the P94.7 billion (US$1.9 billion) she says POGOs bring into the local economy.<\/p>\n\n\n\n
She said POGOs contributed P1.8 billion (US$36 million) in regulatory fees in January to March of this year, although legislators are denouncing that only two PAGCOR-licensed firms paid their taxes.<\/p>\n\n\n\n
Albay representative Joey Salceda has called on President Rodrigo Duterte to certify as urgent a measure that seeks to impose taxes on POGOs that are leaving in order to hold them liable for tax obligations.<\/p>\n\n\n\n
He warned that some operators may use their closure as a \u201ctactic\u201d to reopen under different declared ownership with the real owners and operators being able to evade previous tax liabilities, the Philippine News Agency reported.<\/p>\n\n\n\n
Referring to bill 5257, which seeks to impose a 5 percent franchise tax on all offshore gaming companies, he said: “The House, both majority and minority, are behind my POGO tax bill, and I invite the Senate to file their counterpart proposal, and the executive to certify my committee’s report as urgent.” <\/p>\n\n\n\n
The bill also proposes to set a 25-percent withholding tax on foreign POGO workers.<\/p>\n","protected":false},"excerpt":{"rendered":"
ASPAP is concerned about potential job loses, the impact on the real estate industry and the economy in general.<\/p>\n","protected":false},"author":2,"featured_media":7721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Accredited Service Providers of PAGCOR (ASPAP) warns of significant economic repercussions, including job losses and real estate impact, if Philippine offshore gaming operators (POGOs) continue to exit the country due to unpaid taxes and regulatory non-compliance. Lawmakers are pushing for urgent legislation to impose franchise and withholding taxes on POGOs, aiming to prevent tax evasion tactics by departing or re-establishing entities.","focusai_entities":"Accredited Service Providers of PAGCOR (ASPAP), PAGCOR, Margarita Gutierrez, GMA, Rodrigo Duterte, Joey Salceda, Philippine News Agency","focusai_location":"Philippines, Albay","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"POGO Tax Bill Impact","query":"What are the specific provisions of Bill 5257, and how might its urgent certification and implementation alter the operational landscape and tax liabilities for remaining and prospective POGOs in the Philippines?"},{"label":"Economic Contraction Analysis","query":"Beyond the stated P94.7 billion contribution, what secondary and tertiary economic impacts, particularly within the real estate and ancillary service sectors, are projected from a sustained POGO exodus, and what mitigation strategies are being considered?"}],"footnotes":""},"categories":[157,16333],"tags":[405,128,15789,2895],"class_list":["post-7719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-pagcor","tag-philippines","tag-pogos","tag-taxes"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7719","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=7719"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7719\/revisions"}],"predecessor-version":[{"id":7727,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7719\/revisions\/7727"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7721"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}