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PHL Mulls Listing, Tax Hike on E-Games - BusinessWorld Online
PHILIPPINES, JUL 17 – Finance Secretary Recto proposes a 10% tax increase on online gambling to generate an additional P20 billion annually and calls for stricter regulations to protect players and ensure transparency.
6 Articles
6 Articles
DOF backs higher taxes, stricter regulations on online gambling
MANILA – Finance Secretary Ralph Recto said they are currently studying the imposition of stricter rules as part of the government’s move to further regulate online gambling. In a recent informal press chat, Recto said one of the options include imposing higher taxes. “There are many ways of doing it. One is we leave it
PHL mulls listing, tax hike on e-games - BusinessWorld Online
By Aubrey Rose A. Inosante and Revin Mikhael D. Ochave, Reporters THE PHILIPPINE government is considering sweeping reforms for online gambling operators, including mandatory stock exchange listings and increased taxes, in a bid to tighten oversight and reduce the social costs of gambling addiction. Finance Secretary Ralph G. Recto said the Department of Finance is proposing new taxes and licensing fees for digital gaming firms, with support fro…
CitizenWatch seeks tighter regulations for e-gambling
MANILA, Philippines — Local watchdog CitizenWatch Philippines called on the government to impose stricter and more clearly defined regulations on electronic gambling (e-gambling), warning that an outright ban could drive the industry underground and expose the public to even greater harm.In a statement released Thursday, CitizenWatch lead convenor Orlando Oxales acknowledged the serious concerns surrounding e-gambling, including addiction, menta…
In less than a year, Mexico will be one of the World Cup’s venues, something that hasn’t happened since 1986. As 39 years ago, Mexicans are avid soccer fans, but the technological landscape changed a lot at the time and today fans take their hobbies to the web in the form of bets for their favorite team. But there’s more at stake than losing a bet. For the World Cup, Mexico stands out as a particularly attractive target for cybercriminals operat…
Philippines considers 10% tax hike on online gambling operators
Online gambling firms in the Philippines face steeper taxes, as the government eyes a possible 10% hike atop the existing 38% levy on GGR. The post Philippines considers 10% tax hike on online gambling operators first appeared on Asia Gaming News | AGB - Asia Gaming Brief.
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