Licensed POGOs fail to pay the proper taxes — Gatchalian

Licensed POGOs fail to pay the proper taxes — Gatchalian

By Liza Soriano

MANILA — Senator Win Gatchalian claimed that Philippine Overseas Gaming Operators (POGOs) in the nation had understated their tax payments to the government as evidenced by differences in the gross gaming revenues they reported to the Bureau of Internal Revenue (BIR) and Philippine Amusement and Gaming Corporation (PAGCOR).

If legal POGOs had been more truthful in their dealings with the BIR and PAGCOR, he claimed, the government might have gotten more taxes and fees from them.

“It’s regrettable that even legitimate POGOS are remiss in the payment of correct taxes. This is exactly the reason a tax regime for POGOs was put in place which is to reduce uncollected taxes due to the government. It is lamentable that even licensed POGOs continue to disregard accurate payment of taxes,” Gatchalian said.

He revealed that his research shows estimated tax leakages of P1.9 billion due to the discrepancy of gross gaming revenue as reported by the BIR and PAGCOR from POGOs from January to August this year.

“Research shows that we are not realizing the full benefits of allowing POGO operations in the country. It’s high time we consider developing other industries that are sustainable, high-yielding, and long-term businesses,” he said. (ai/mtvn)

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