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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Old ties back to the sugar industry concernsSunStar Publishing Inc.
Source: sunstaronline - 🏆 18. / 59 Read more »
657 hogs die in Medellin, industry suffers P2.07M blowSunStar Publishing Inc.
Source: sunstaronline - 🏆 18. / 59 Read more »
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).
Source: TheManilaTimes - 🏆 2. / 92 Read more »
PH auto industry posts slight growth in July despite stormy weatherThe recent downpours have not derailed the industry’s growth
Source: TopGearPh - 🏆 21. / 53 Read more »
[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
Source: rapplerdotcom - 🏆 4. / 86 Read more »
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.
Source: BusinessMirror - 🏆 19. / 59 Read more »