Philippines-licensed online gambling operators are facing a change in their online casino tax obligations.
When the Philippine Amusement and Gaming Corporation (PAGCOR) initially announced its new Philippine Offshore Gaming Operator (POGO) licensing regime last year, it was accompanied by a flat tax system for online casino products, which PAGCOR said would likely hold sway until the regulator had a better sense of the scope of its online market.
Under the initial plan, POGO licensees were to pay US $10k per month for each live dealer casino table they operated, while random number generated (RNG) games would be charged at a monthly rate of $5k per game for the first 100 games, and $2k per month for each game in excess of the first 100.
Under a revised scheme announced on May 25, POGO licensees will continue to pay $10k per month for each live table. But RNG games will now be charged 2% of the gross gaming revenue they produce each month. POGO licensees will be required to submit declaration forms indicating their GGR from RNG games on the first day of each month. PAGCOR said the change will take effect on June 1, 2017.