Tuesday, October 20, 2020
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Digitain

Digitain: Making tax less tedious

Digitain has launched its new Tax Engine - an automated tool developed to allow operators to deal with complex betting tax requirements.

Macau government taxes from junkets fall in 2019

The Macau government has received MOP299 million (US$48.8 million) in taxes on commissions paid by casinos to junket operators in 2019, a 24 per cent year-on-year drop, according to the last year’s budget execution report.
Philippines Bureau of internal Revenue

Tax office concedes POGO takings down

The Bureau of Internal Revenue, which had been planning to double revenue from Philippine Offshore Gambling Operators (POGOs) concedes takings are down as few have reopened following the pandemic.

Macau gaming tax receipt down 13.3 percent in Jan

The Macau government’s income from gaming taxes fell 13.3 percent year-on-year in January, reaching MOP8.8 billion (US$1.1 billion), according to data from the Financial...

IPI settles tax bill while another legal battle looms

Imperial Pacific International has reached a settlement with the government of the Commonwealth of the Northern Marianas Islands on the amount it must pay...
Department of Finance

Philippines POGO tax bill filed

A bill that clarifies taxes on Philippine Offshore Gaming Operations, including a proposal for a 5 percent franchise tax on gross receipts, was filed in the House of Representatives on Wednesday
Department of Finance

DoF wants higher POGO taxes

The Department of Finance in the Philippines has said it will back a proposal for a 5 percent tax hike on the country’s offshore igaming licensees.

POGO ban would have little economic impact: Governor

Banning online gambling in the Philippines would have little impact on the economy, the country’s central bank governor has said, adding he would prefer the firms to leave the country.

Genting Singapore expansion to have modest effect on leverage: Fitch

Genting Singapore’s S$4.5 billion plan to expand its non-gaming attractions will only have a modest impact on its leverage and earnings and therefore its credit rating remains unchanged, Fitch Ratings said in a report.

National Tax Agency warns public to report gambling profits

With the beginning of the national income tax filing season, the National Tax Agency is warning the public that it has a duty to...

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