🖐 Presidential Decree No. : PHILIPPINE LAWS, STATUTES and CODES : CHAN ROBLES VIRTUAL LAW LIBRARY

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Philippines Offshore Gaming Operators (POGO) could soon face higher taxes on their gross revenue, as well as elevated licensing fees.


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Philippines Offshore Gaming Operators (POGO) could soon face higher taxes on their gross revenue, as well as elevated licensing fees.


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The Philippines authorities have approved a new 5% tax on the gaming revenues of Philippine Offshore Gaming Operators (POGOs).


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Belle Corp's share of gaming revenues from the City of Dreams Manila casino resort (pictured) fell percent year-on-year in the first quarter, which the.


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The Philippines authorities have approved a new 5% tax on the gaming revenues of Philippine Offshore Gaming Operators (POGOs).


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66 billion ($52 million) in taxes through the first two quarters of But that tax money could soon disappear. Philippines offshore gaming.


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Multiple bills are before the Assembly regarding cockfighting, tax reform, casino entrance fees, racing reform and lotteries. To continue reading.


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The Philippine Amusement and Gaming Corporation (PAGCOR) has increase in gaming revenue for , resulting in its total tax and.


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The books of accounts, accounting records, invoices or receipts, which shall be duly registered with the Bureau of Internal Revenue, in accordance with the pertinent provisions of Sections to of the National Internal Revenue Code and the regulations thereunder, shall be open for inspection and examination by the Commission and the Bureau of Internal Revenue. The Chairman shall receive a salary of P50, per annum, while each of the two 2 members shall receive P40, per annum. For purposes of collecting the tax imposed in Sec. Under no circumstances shall chips be purchased on the gaming table nor any chips be borrowed from another player inside the casino. Repealing Clause All Acts, Decrees, Executive Orders, proclamations, rules and regulations, or parts thereof inconsistent with any of the provisions of this Decree are hereby repealed or modified accordingly. Section 1. Importation of Gaming Paraphernalia and Devices The importation of gaming paraphernalia and devices shall not be allowed, except when the importation is made by the grantee for its exclusive use in the casino and duly authorized by the Commission. To carry out the purposes of this Decree, there is hereby appropriated out of the funds in the National Treasury not otherwise appropriated, the sum of P1,, for the initial year of operation of the Commission. In case of willful neglect to file the return within the period prescribed herein, or in case a false or fraudulent return is willfully made, there shall be added to the tax, or on the basis of such returns before the discovery of the falsity or fraud, a surcharge of fifty per centum of the amount of such tax or deficiency tax. Done in the City of Manila this 9th day of July, in the year of Our Lord, nineteen hundred and seventy-six. WHEREAS, in order to control and regulate effectively these gaming activities, it is necessary to centralize as much as possible in one agency, such power and authority of control and regulation and to impose taxes on operators of gaming establishments and on players. In addition thereto, there shall be collected an interest of fourteen 14 per centum per annum from the original due date. The Commission shall prescribe the qualifications of persons who may apply for a player's license: Provided, however, That in no case shall a player's license be issued to a person whose annual net taxable income, as shown by his latest income tax returns, be less than P50, Provided, further, That a tourist from abroad shall be allowed to enter and play in the casino without having to comply with these requirements other than the presentation of a valid passport. Thereafter, such amount as may be necessary for its operation shall be included in the annual appropriation. Creation of the National Gaming Commission There is hereby created the National Gaming Commission, hereinafter referred to as the Commission, which shall be composed of a Chairman and two 2 members, who shall be appointed by the President and shall hold office at his pleasure. Effectivity This Decree shall take effect upon approval. For this purpose, no bet shall be allowed in the casino except through chips purchased from the Cashier's box inside the casino. Taxes on Casino There shall be collected from the grantee the following taxes and fees:. Annual License Fee on Gaming Employee of Casino There is hereby imposed an annual license fee of P75 on every casino manager and pit boss, and P50 on every dealer and other similar gaming employee of the casino. Manner, place and time for payment of tax It shall be the duty of the grantee to make a true and complete return of the types of games per table, slot machines or similar devices under Sec. Section Apportionment of Revenue The proceeds of the taxes, fees and licenses collected under this Decree shall be apportioned as follows:. Keeping of books of accounts, invoices and receipts The grantee shall keep books of accounts and other accounting records for its daily transactions and issue invoices or receipts for every sale of chips. The tax herein imposed shall be in lieu of income tax for which the player may be liable on his winnings. Search for www.{/INSERTKEYS}{/PARAGRAPH} The Commission shall have the power to:. If the offender is an alien, he shall, after he has paid the fine and served the sentence imposed by the Court as hereinabove prescribed, suffer the additional penalty of deportation without the necessity of further proceedings to be instituted by the Commission on Deportation and Immigration. Functions and powers of the Commission. WHEREAS, it is necessary to regulate and control all forms of authorized gaming in order to support the tourism program of the government, broaden the base for revenue generation and provide better protection to the betting public;. {PARAGRAPH}{INSERTKEYS}WHEREAS, the present system of control and supervision of gaming, particularly the operations of offshore casino gaming, is found inadequate to cope up with the increasing pace of gaming activities in the country today;. If the offender is a juridical person, the penalties shall be imposed on its President, or Vice President, or office or officers responsible for the offense. All taxes and fees imposed under Sections 5 a , 7 and 8 of this Decree shall be paid to the Bureau of Internal Revenue on or before the 31st of January. Taxes on Chips There shall be collected on every sale of chips by the casino operator to a player a tax equivalent to five per centum of the value thereof. Player's Annual License Fee There is hereby imposed a player's annual fee of P on every person who enters and takes part in gambling games in the casino. The amount so added to any tax shall be collected at the same time and in the same manner as part of the tax, unless the tax has been paid before the discovery of the falsity or fraud, in which case, the amount so added shall be collected in the same manner as the tax. Jurisdiction The jurisdiction of the Commission shall embrace all forms of authorized gaming; Provided, however, That sweepstakes races and lotteries shall remain under the jurisdiction of the Philippine Charity Sweepstakes Office; and provided, further, That boxing, wrestling and professional basketball shall remain under the jurisdiction of the Games and Amusement Board. Transitory Provisions Pending issuance of implementing letters of instructions to effect the smooth turnover to the Commission of the appropriate functions of the Games and Amusements Board, the Philippine Racing Commission, and the Agencies which presently regulate cockfighting, said Board, Commission and Agencies shall continue to perform their respective functions. The Chairman and members shall serve on full-time basis and shall not hold any other public or private office, nor shall they be pecuniarily interested in any business or organization conducting gaming covered by this Decree. If the tax or fee is not paid within the time prescribed therein, the amount of the tax shall be increased by twenty-five per centum, the increment to be a part of the tax. Penalties Any person who violates any of the rules and regulations promulgated by the National Gaming Commission pursuant to this Decree shall, upon conviction, be fined in an amount not less than P2, nor more than P5,, and suffer imprisonment for not less than one year nor more than three years.