The Philippines are now one step closer to raising taxes on the Philippines Offshore Gambling Industry (POGOs). On November 18, the House Ways and Means committee approved Albay Representative Joey Salceda’s bill that would raise taxes on both POGO employees and revenues.

House Bill No. 5267, which would set a five percent franchise tax on the revenue POGOS and 25 percent on employee incomes, with a minimum threshold of P600,000 ($11,790) per year, passed the committee unanimously after Surigao del Sur Rep. Prospero Pichay Jr motioned for a vote.

House ways and means committee approves bill seeking to impose 5% franchise tax on POGOs and their service providers. | @DYGalvezINQ pic.twitter.com/Z2qeAdmmQb

— Inquirer (@inquirerdotnet) November 18, 2019