The Department of Justice announced that this measure is part of a plan to boost revenues from small town lottery operations.
Philippines.- According to Philstar, the Department of Justice (DOJ) of the Philippines announced that they will be cracking down on illegal online casinos. The measure is part of a plan ordered by President Rodrigo Duterte to investigate underpayment of taxes in small town operations (SLT) in the country.
Justice Secretary Vitalino Aguirre II will also investigate and chase tax liabilities of STL in the Philippines. The secretary confirmed that Duterte wanted to boost the revenue that comes from DTL operations after it was revealed that the previous administration only remitted 10 to 15 percent of the total revenues to the Philippine Charity Sweepstakes Office (PCSO). The DOJ will also investigate into online gambling casinos because there’s a serious allegation that they could be keeping at least US$60 billion in lost revenues.
”The task force created more than two months ago, consisting of Executive Secretary Salvador Medialdea, Finance Secretary Sonny Dominguez met with PCSO officials on how to increase its income from Small Town Lottery,” said Aguirre, who confirmed that by implementing rules and regulations, the IRR was issued increasing the minimum remittance of the STL operators, resulting in unprecedented high collections in the first few months of operations under Duterte administration.