BIR relaxed the rules for POGO’s resumption of operations and clearance applications.
The Bureau of Internal Revenue (BIR) had relaxed the rules for Philippine Offshore Gaming Operators (POGO) application for tax clearance for service providers and licensees.
Aside from this, the Bureau of Internal Revenue also relaxed the rules for the resumption of its operations amidst community quarantine measures that were implemented in order to prevent the spread of coronavirus disease 2019 (COVID-19).
The government previously allowed licensees and service providers of Philippine Offshore Gaming Operators to resume its operations last May, provided, that they should follow precautionary measures and were cleared by the Bureau of Internal Revenue as tax compliant.
The Bureau of Internal Revenue issued Revenue Memorandum Circular No. 64-2020, dated June 24, wherein the Bureau revised the requirements and guidelines for service providers and licensees of Philippine Offshore Gaming Operators for the processing of their application for a BIR Clearance in connection with the resumption of its operations as stated in Revenue Memorandum Circular No. 46-2020.
You can read the full memorandum by visiting this link.
Other Stories
- Reactions From Celebrities And Personalities When They Saw Baby Dahlia Amélie’s Whole Face
- Facebook Account Of Roi Justine Oriondo Gets Hacked
- Samsung Introduces Galaxy S20 Tactical Edition (TE)
Carlos Dominguez III, the Secretary of the Department of Finance, said that the DOF was already looking into claims that only two Philippine Offshore Gaming Operators had paid taxes as a requisite to resume its operations, yet added that such claims were “probably true”.
The Bureau of Internal Revenue had said that the legal issues were hampering the collection of franchise taxes from Philippine Offshore Gaming Operators, adding that the firms had claimed that they shouldn’t be subjected to such taxes as they’re non-resident corporations.
Dominguez also said that government revenues from Philippine Offshore Gaming Operators should reach as much as PHP 20 billion annually, but collections had only reached PHP 6 billion last 2019.
What can you say about this? Let us know!
For more news and updates, follow Philippine Newspaper on Facebook!
