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Dominguez: Some POGOs ‘canceling’ PH lease contracts ‘for lack of business’

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Finance Secretary Carlos Dominguez III: “I think the Chinese government is clamping down on money transfers, I think the [Chinese government] also started canceling passports of those people servicing the POGO industry.” | CMRamosINQ

This was disclosed after Senate Minority Leader Franklin Drilon asked Dominguez on the projected revenues the government can earn with the revised computation of the franchise tax collected from POGOs under the Bayanihan to Recover as One Act.Dominguez was not able to give a specific amount but assured that the DOF will provide the Senate with the projected figures as soon it becomes available.

In June, the Philippine Amusement and Gaming Corp. reported a looming POGO “exodus” due to tax issues. This, after Macau-based Suncity Group, the world’s largest junket operator, closed down its POGO unit in the country. It was also revealed in the same hearing that many POGO workers have yet to secure tax identification numbers.

 

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