A Philippine Supreme Court has upheld its decision declaring that Bloomberry Resorts and Hotels, Inc.’s (Bloomberry) is exempted from paying corporate income tax as a franchisee of the Philippine Amusement and Gaming Corporation (Pagcor).

The Manila Times reported that the high tribunal has enjoined the country’s Bureau of Internal Revenue from implementing a memorandum circular that imposed corporate income taxes on Pagcor’s and its franchisees’ earnings.

Bloomberry operates Solaire Resort & Casinos.

It pointed out that under Presidential Decree (PD) No. 1869 or the Pagcor Charter, the state regulator should only pay the five percent franchise tax on its gross revenues “in lieu of all taxes of any kind or form, as well as fees, charges or levies of whatever nature, which necessarily include corporate income tax.”