E-Games Industry Boasts Projected P250 Billion Business, Generates Billions in Tax Revenue for Philippines

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 21 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 59%

Technology Notícia

E-Games,Tax Revenue,Philippines

The Philippine government stands to gain up to P20 billion in tax collections from the booming e-games industry. Data shows a significant rise in revenue, with P13.3 billion collected in 2023 compared to P8.5 billion in 2022. The industry is projected to reach P250 billion by Pagcor Chairman Alejandro H. Tengco, despite concerns about regulation and the grey market.

THE government stands to gain up to P20 billion in tax collections from the rise of the electronic gaming industry, according to the Department of Finance .

The Philippine Amusement and Gaming Corporation is mandated to remit the 5 percent franchise tax it collected from its licensees to the BIR. Gatchalian, the chairman of the Senate Ways and Means Committee noted the surge in e-gaming revenue in his news conference. Besides e-gaming, they are also looking at the special class of BPOs in ecozones, which are seeking exemption from the Pogo ban.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 19. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Old ties back to the sugar industry concernsSunStar Publishing Inc.
Fonte: sunstaronline - 🏆 18. / 59 Consulte Mais informação »

657 hogs die in Medellin, industry suffers P2.07M blowSunStar Publishing Inc.
Fonte: sunstaronline - 🏆 18. / 59 Consulte Mais informação »

Investors bullish on hospitality industryMAJOR players in the Philippine hospitality industry remain optimistic despite challenges in recovering to pre-pandemic levels. This was revealed in the first Philippine Hotel Investment Outlook Survey, an initiative of Leechiu Property Consultants (LPC) and the Philippine Hotel Owners Association Inc. (PHOA).
Fonte: TheManilaTimes - 🏆 2. / 92 Consulte Mais informação »

PH auto industry posts slight growth in July despite stormy weatherThe recent downpours have not derailed the industry’s growth
Fonte: TopGearPh - 🏆 21. / 53 Consulte Mais informação »

[Ilonggo Notes] Coffee table books on Iloilo as an emergent industryCoffee table books are not utilitarian, but something eye-opening and personal, and that's probably why there will continue to be a local market for this art form
Fonte: rapplerdotcom - 🏆 4. / 86 Consulte Mais informação »

Unpacking overtourism and finding solutions to the growing pains of a $16 trillion industryBy Lebawit Lily Girma If you recently visited Barcelona, Mallorca or Venice, you’re a bad tourist who should have stayed home. At least that’s what the anti-tourism protests this summer in certain parts of Europe would have you believe.
Fonte: BusinessMirror - 🏆 19. / 59 Consulte Mais informação »