POGO tax revenue down due to Covid-caused worker exodus: BIR
Chinese employees have had to return to their homeland due to the worrying rate of Philippines coronavirus spread.
Chinese employees have had to return to their homeland due to the worrying rate of Philippines coronavirus spread.
Authorities say the firm had over 10,000 undocumented Chinese workers and was unregistered with the government.
The Bureau of Internal Revenue is worried employees could be avoiding taxes by just not being at the office.
700 foreign employees are out of jobs, but can’t be held due to lack of space.
POGOs know now that if they fail to pay their taxes, they very well could be shut down.
The Bureau of Internal revenue has a delicate balance to strike of celebrating small successes while striving for more.
The Bureau of Internal Revenue suspects that online gambling operators, and their employees, are trying to escape their tax responsibilities.
The Philippines BIR wants to put an additional check on illegal Chinese workers, but the new requirement seems a bit more base than that.
The Philippine Amusement and Gaming Corp has won a Supreme Court fight with the Bureau of Internal Revenue over its corporate tax exemption.
The lower license fees seeks to lessen the blow casinos would have had to absorb after the BIR slapped a 30-percent income tax on them.