Published
OnlineLegal & RegulatoryIndustry

Offshore operators must register with Philippine tax authority

The Bureau of Internal Revenue (BIR) says Philippine offshore gaming operators must register with the department before starting their business, according to the Manila Bulletin.

PhilippinesMap

The BIR has also requested that the Philippine Amusement and Gaming Corporation (PAGCOR) stops awarding operator licenses until clearance is given by the tax agency.

Arnel Guballa, Revenue Deputy Commissioner for Operations at BIR, said all foreign and local gaming operators are now required to register under the Revenue Memorandum Circular 78-2018, a new prerequisite of the PAGCOR application and renewal process.

Manila Bulletin quotes Guballa as having said: "Online activity is sufficient to constitute doing business in the Philippines.

"Thus, a foreign corporation engaged in Philippine offshore gaming operations is considered a resident foreign corporation engaged in business in the Philippines, not a non-resident foreign corporation.”

Operators should register with the revenue office presiding over the location of its headquarters.    


Asia News Sponsor
Premium+ Connections
Premium
 
Premium
 
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Mohegan Inspire
DraftKings
The Star Entertainment Group
Follow Us

Company profile: Growe Partners

Dominate the Sports Betting Affiliate Arena with Growe Partn...

Company profile: GR8 Tech

The sportsbook provider discusses turning sportsbooks into a...

Analysing sports betting data from the African Cup of Nations 2024

Sports betting supplier Betby provides Gambling Insider with...

LiveScore Group: Football’s changing relationship with fans

Gambling Insider delves deeper into LiveScore’s Evolution...