ffiusiness\trbrld

2lffi-
t{'-Econom f:ialgi*le*s\{brld
TUEsDAY OCTOBER & 2OI9 EDlT0t Tll'loTHY ROY C. lilEDlill

House panel studying s%tax on P0G0 revenue

REPRESENTATM Jose Ma.
Clemente S. Salced4 the Ways
and Means committee chairfrom
ihe second district of Albay, said
uhe panel is studying his proposal
Lo impose a 57, "franchise tax"
cn revenue generated by Philip-
pine Offshore Gaming Operators
(Pocos).
Mr. Salceda told Eusiness-
World in chance remarks that
such legislation is "p inag-aaralan
at sinusulat (being studied and
drafted)" but the basis for impos-
ing the tax will be to reclassify
POGOs as resident corporations.
In a separate phone mes-
sage, Mr. Salceda said: "POGOs
shall be registered ls re"id"rrt
corporations as basi4 for their
taxability."
Under the proposed measure,
all POGOS registered with the
Philippine Amustlment and Gam-
ing Corp. (PAGCOR) are subject
to tax, in line with the Bureau
ollnternal Revenue's Revenue
Memorandum Circulhr No. 102-
20t7.
He added that he is expecting
that the bill v/ill be discussed on
the floor before the year ends.
"Witlin 2019, we will try to get to
t}le floor"
Another proposal in the bill is
a gaming tax of $1O,OO0 a month
per table for a live set-up casino monthlytaxin excess ofthe first
arld a $5,oo0 a mont} ghming tax 100 games.
for random number generator Earlier, Mr. Salceda said he
(RNG)-based games. plans to impose $I,O0O presump-
For POGOS with more than tive corporate income tax per seat
1OO RNc-based games, the for POGOs. The bill also requires
panel is considering a $5,000 the Bureau oflnternal Revenue to
monthly tax per game for the collect P76 billion from PoGOs. -
first IOo games, and a $3,000 Vince Angelo C- Ferreras

t\ PAqs-
"e.fctt'