Philippine Offshore Gambling Operators (POGOs) have won a victory in the courts against the 5% franchise tax. The Supreme Court of the Philippines have ruled against the Bayanihan 2 act’s 5% franchise tax, meant to help the country raise additional revenues to combat Covid-19.
By a vote of 13-1, the court ordered a temporary restraining order (TRO) on the 5% tax.
JUST IN: Supreme Court magistrates vote 13-1 to grant TRO on imposition of increased taxes on Philippine Offshore Gaming Operations (POGOs) under Bayanihan to Heal As One Act II. Only Justice Marvic Leonen dissenting.- SC source | via @mikenavallo
— ABS-CBN News Channel (@ANCALERTS) January 5, 2021https://platform.twitter.com/widgets.js