The Macao Government Tourism Office (MGTO) announced on Thursday that it was dropping the notion of imposing a tax on inbound tourists. “After making a...
Global Market Advisors issued a research brief on Monday about the current status of the IR project in Japan, including a warning to Japanese...
Some lawmakers have grown concerned that the proposed policy on the taxation of casino winnings is too heavy-handed, and a settlement of the issue has been delayed until next year.
Osaka’s governing party has finalized its plans on how to divide IR local tax revenues in the event that the central government licenses the Yumeshima IR and its separate initiative to administratively merge Osaka prefecture and city is approved in a popular referendum expected to be held in late 2020.
President Rodrigo Duterte personally entered the debate over delinquent Philippine Offshore Gaming Operators (POGOs) on Friday, warning them that unless these firms paid their taxes within three days, they would be “punched” and “shot.”
Finance Secretary Carlos Dominguez has declared that the task force led by the Bureau of Internal Revenue (BIR) has wrung an additional PHP1.2 billion (about $25 million) in tax revenues from a delinquent POGO that was temporarily shut down in September.
Branches of the large POGO called New Oriental Club88 Corporation (NOCC) were shut down by the Bureau of Internal Revenue (BIR) after it was discovered that they had not registered to pay taxes.
The Japanese government and ruling party are concerned that foreign gamblers could slip away without paying taxes on their casino winnings, and they are now trying to design a system that will hold the casino operators responsible for collecting the needed information.
The House of Representatives Ways and Means Committee unanimously approved the bill imposing a 5 percent tax on Philippine Offshore Gaming Operators (POGOs) based on gross receipts derived from gaming operations, even as one government official denied their right to do so.
With the win from China-facing igaming operations forecast to hit $33 billion in 2019, the Philippines has little incentive to curb activities of POGOs.