Philippines regulator pushes for uniform tax rules for online gaming operators Pagcor CEO Andrea Domingo said she supports the POGO tax bill, saying that the proposed tax scheme is the proper way of settling the long-running issue. Philippines | 07/29/2021 Philippine Amusement and Gaming Corp. (Pagcor) CEO Andrea Domingo called Wednesday for a level playing field in the online gaming industry. A bill seeking to regulate Philippine offshore gaming operations based in special economic zones via a unified tax system is being stalled in Congress. T
he Philippines’ gaming regulator is against initiatives to grant additional benefits to online gaming firms based in tax-shielded special economic zones, saying instead that all Philippine offshore gaming operations, or POGOs, should be treated uniformly.
Tax-free privilege sought on cash incentives, gifts for Hidilyn, top athletes
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Press Release - Statement of Sen Win Gatchalian on the suspension of tax hike on private schools
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BusinessWorld
July 29, 2021 | 12:32 am
Reporter
THE Bureau of Internal Revenue (BIR) suspended a regulation that would have increased the corporate income tax for nonprofit private schools, as the bill correcting the tax treatment is still pending in Congress.
BIR Commissioner Caesar R. Dulay signed Revenue Regulations (RR) 14-2021 on Wednesday suspending certain provisions of RR 5-2021 that excluded nonprofit private schools from availing of the preferential tax and effectively increased the rate to the 25% regular corporate income tax.
“To ease the burden of taxation among proprietary educational institutions, especially during this time of COVID-19 pandemic, and taking into account the pending bills in Congress… to finally clarify the income taxation of schools, the implementation of the following provisions of RR 5-2021 dated 8 April 2021 are hereby suspended pending passage of such appropriate legislation,” the signed document obtained by
Hidilyn Diaz’s gold medal-winning lift (Photo from AFP)
Roque made the statement after the Senate expressed its intention to talk to the Bureau of Internal Revenue (BIR) to exempt Diaz from tax following her historic win at the Tokyo 2020 Olympics this week.
In his press briefing on Thursday, July 29, Roque said all Filipinos wanted Diaz to keep the entire prize that she earned after winning the country’s first Olympic Gold.
“Walang Pilipino na gustong buwisan ang mga pabuya na matatanggap ni Hidilyn. Pero alam ko rin po bilang abogado, para magkaroon ng tax exemption, kinakailangan po ng batas (No Filipino wanted to tax the cash incentives that Hidilyn received. But as a lawyer, I know that a law is needed to allow tax exemption),” he said.