Is Pogo legal in the Philippines?
According to Philippine law, only foreigners (non-Philippine nationals) based in another country and over the age of 21 are permitted to use the services of POGOs. That means foreign nationals living in the Philippines are not permitted to use POGOs, and nor are Philippine nationals living abroad.
What is Pogo Bill Philippines?
The bill imposes a 5 percent tax on gross gaming receipts for “offshore gaming licensees” and a 25 percent tax on gross income for nonresident aliens working under the Service Providers of these licensees. For POGO employees, the bill provides a minimum final withholding tax due of PHP12,500 for any taxable month.
Does Pogo pay taxes in Philippines?
The franchise taxes of POGOs are currently computed based on 5% of their net income. The bill also drops a 25% withholding tax on the gross income of foreign individuals employed by POGOs and their service providers. The minimum final withholding tax due every month should not be lower than P12,500.
Is Pogo a gambling?
Philippine Offshore Gaming Operators or POGOs are online gambling firms that operate in the Philippines but cater to customers outside the country. To operate legally they must be licensed by the Philippine Amusement and Gaming Corporation (PAGCOR).
How does Pogo affect the Philippines?
In addition to gaming tax revenue, POGOs have had a profound impact on other aspects of the Philippine economy. POGOs and their supporting firms lease voluminous amounts of office space and occupy 10.8 million square feet of office space in greater Manila alone.