Phillippines Collects Php1.79 From POGOS During Q3

The Bureau of Internal Revenue (BIR) in the Philippines says it raised a total of Php1.79 billion in income tax from Philippine Offshore Gaming Operators (POGOs) over the nine months to September 30, 2019.

The figure, which includes tax from both the 58 approved POGO operators in the nation and the many service providers operating under their licences, represents a significant jump on the Php1.4 billion collected since August.

Nonetheless, the BIR expects total tax revenue from the POGO industry to be much higher than in 2019 with the company expecting to average POGO workers ‘ income tax of an additional Php2 billion per month.

The BIR has sent 164 notices to POGO service providers asking for a combined Php25.13 billion in deferred tax payments to be repaid, according to The Manila Times.

This added that currently there are 60 POGO operators registered with the Philippines gaming regulator PAGCOR, 58 of whom are currently active, according to Inside Asian Gaming. The BIR added 218 POGO service providers, employing 86,172 people, 83 percent of whom are foreigners, mainly Chinese.

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About Joe Kizlauskas

Joe is a seasoned iGaming copywriter and speaker who has been in the business since 2015. He's written more words on all elements of iGaming than he likes to remember, and he's contributed material to a number of well-known brands. Joe may be seen playing 5 a side, at the gym or playing games on his Playstation when he is not writing.