Taxation of offshore gaming and its implications
In September 2016 the Philippine Amusement and Gaming Corp. (Pagcor) started issuing Philippine Offshore Gaming Operations licenses that allow entities to engage in the business of offshore gaming operations. The government’s Pogo revenue in 2017 reached around P3 billion ($56 million) and is expected to rise to a whooping P6 billion ($115.2 million) this year. With its fast growth and profits, Philippine offshore gaming has caught the attention of the taxman.