PAGCOR<\/em><\/strong> confirmed that SunCity Group has closed its POGO operations in the Philippines and that Don Tencess Asian Solutions has asked to cancel its licence.<\/p>\n\n\n\nThere are about 60 POGOs licensed to operate in the Philippines. They were ordered to shut down during the Covid-19 pandemic but some were allowed to reopen in May providing they did not have tax debts to settle.<\/p>\n","protected":false},"excerpt":{"rendered":"
The POGO Task Force is said to be working on calculating the final withholding tax firms owe for their foreign workers.<\/p>\n","protected":false},"author":2,"featured_media":0,"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) is intensifying efforts to collect unpaid taxes, specifically the final withholding tax (FWT) on foreign workers' salaries, from Philippine Offshore Gaming Operators (POGOs), even as some exit the country. The BIR's POGO Task Force faces challenges in calculating the 5% franchise tax on gross receipts due to the global nature of POGO betting operations. This enforcement action follows the departure of key operators like SunCity Group and Don Tencess Asian Solutions, highlighting ongoing regulatory compliance issues within the sector.","focusai_entities":"Bureau of Internal Revenue (BIR), Arnel Guballa, POGO Task Force, Philippine Amusement and Gaming Corporation (PAGCOR), SunCity Group, Don Tencess Asian Solutions","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"POGO tax collection impact?","query":"What are the projected financial impacts of the BIR's intensified FWT collection efforts on the remaining licensed POGOs and the overall Philippine iGaming GGR?"},{"label":"Regulatory framework evolution?","query":"How might the challenges in calculating the POGO franchise tax influence future regulatory frameworks or tax methodologies for offshore gaming operations in the Philippines?"}],"footnotes":""},"categories":[156,158,16333],"tags":[128,15789,2895],"class_list":["post-7873","post","type-post","status-publish","format-standard","hentry","category-regulation-news","category-slider-home","category-south-east-asia-news","tag-philippines","tag-pogos","tag-taxes"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7873","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=7873"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7873\/revisions"}],"predecessor-version":[{"id":777008651,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7873\/revisions\/777008651"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}