The Bureau of Internal Revenue is opposing the proposal of the Philippine Amusement and Gaming Corp. to realign the five percent franchise tax as lawmakers move to increase the share of local governments hosting the latter’s operations.
State-run Philippine Amusement and Gaming Corp. is expected to still retain 75 percent of its income even amid plans to privatize its operations and limit its role to being a regulator.
State-run Philippine Amusement and Gaming Corp. has remitted P256 million to the country’s sports body in a bid to boost preparation of Filipino athletes for the 32nd Southeast Asian Games.