Earnings of casino from junket operations, or the practice of bringing in foreign high rollers to wager in the country, are subject to 30 percent corporate income tax.The Court of Tax Appeals issued the decision as it denied the petition of Prime Investment Korea , seeking refund of income tax paid from the source.
Records showed that the Bureau of Internal Revenue collected P24.3 million from PIK out of its earnings of P394 million from junket operations in 2014. The decision, penned by Associate Justice Juanito Castanedo, Jr., stressed that junket operations have been classified under the same presidential decree, not as regular gaming activity, but “related service” not subject to franchise tax but to the higher corporate income tax.
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