{"id":777019034,"date":"2024-09-13T09:57:06","date_gmt":"2024-09-13T12:57:06","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777019034"},"modified":"2026-04-22T06:09:37","modified_gmt":"2026-04-22T09:09:37","slug":"philippine-e-games-expected-to-contribute-up-to-us356-9m-in-franchise-taxes-this-year","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippine-e-games-expected-to-contribute-up-to-us356-9m-in-franchise-taxes-this-year","title":{"rendered":"Philippine e-games expected to contribute up to US$356.9m in franchise taxes this year"},"content":{"rendered":"\n

The Bureau of Internal Revenue (BIR) has already collected PHP10.7bn (US$190.14m).<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Assistant finance secretary Karlo Adriano has told a Senate committee hearing, that the Philippine Bureau of Internal Revenue (BIR) expects to collect between PHP15bn (US$267.68m) and PHP20bn (US$356.9m) from franchise taxes on e-games this year. That would represent\u00a0an increase of up to 50 per cent year-on-year.<\/p>\n\n\n\n

Revenue from any gaming operation, including e-games, is subjected to a 5 per cent franchise tax distinct from licensing and regulatory fees payable to PAGCOR. From January to July, franchise tax collection from e-games amounted to PHP10.7bn (US$190.14m).<\/p>\n\n\n\n

Meanwhile, PAGCOR has projected that e-games will contribute 35 per cent of its revenues, surpassing PHP100bn (US$1.7845bn). For the second quarter of the year, PAGCOR reported that gross gaming revenue reached PHP89.23bn (US$1.56bn). That\u2019s a rise of 32.32 per cent year-over-year and\u00a09.21 per cent sequentially<\/a>. E-games was the largest growth sector, with revenue rising by 525 per cent year-over-year to PHP30.85bn (US$538.66m). <\/p>\n\n\n\n

As of August, 45 licenced gaming system service providers offered e-games while 22 had yet to begin commercial operations.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bureau of Internal Revenue (BIR) has already collected PHP10.7bn (US$190.14m).<\/p>\n","protected":false},"author":176,"featured_media":19807,"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 Bureau of Internal Revenue (BIR) anticipates collecting PHP15bn-PHP20bn in franchise taxes from e-games this year, a potential 50% year-on-year increase, with PHP10.7bn already collected by July. This growth underscores the robust performance of the e-games vertical, which saw a 525% year-on-year GGR increase to PHP30.85bn in Q2, and is projected to contribute 35% of PAGCOR's total revenues.","focusai_entities":"Bureau of Internal Revenue, Karlo Adriano, PAGCOR","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.75), operator_casino (0.9), affiliate_publisher (0.7), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"E-games Tax Impact","query":"What specific policy or enforcement changes have contributed to the significant year-on-year increase in e-games franchise tax collection, and how sustainable is this growth trajectory?"},{"label":"PAGCOR Revenue Diversification","query":"Given the projected 35% contribution of e-games to PAGCOR's total revenues, what are the strategic implications for PAGCOR's operational focus and its long-term revenue diversification strategy?"}],"footnotes":""},"categories":[153,16333],"tags":[4138],"class_list":["post-777019034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-igaming-news","category-south-east-asia-news","tag-online-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019034","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=777019034"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019034\/revisions"}],"predecessor-version":[{"id":777019039,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019034\/revisions\/777019039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19807"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777019034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}