Senator Sherwin Gatchalian on Wednesday, November 23 said he is considering amending the Philippine Amusement and Gaming Corporation’s (PAGCOR) Charter to pave way for the creation of another agency that would be in charge of gambling operations in the Philippines As of now, Gatchalian said it is...
The Philippine Amusement and Gaming Corporation (PAGCOR) on Wednesday, November 23 submitted to the Senate a copy of its road map which they plan to adopt to grow the Philippine Offshore Gaming Operations (POGOs) industry. This roadmap, according to the state gaming regulatory agency, will help...
The Department of Finance (DOF) on Thursday said it does not support the measures that seek to provide a tax exemption for teachers and other personnel who would render services during elections. The DOF made their position known at the Senate Committee on Ways and Means hearing on the various...
Senators are throwing their support on proposals seeking to exempt from income tax all election honoraria and allowances of persons rendering services during elections. Sen. Sherwin Gatchalian, author of Senate Bill No. 1193, said public school teachers who are required to render poll duties during...
The Senate has approved on third and final reading the measure that seeks to clarify that all private schools –both non-profit and for profit—are entitled to the one percent preferential tax rate under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law. Senator Pia Cayetano,...
Senator Pia Cayetano on Sunday, Sept. 26 said the newly-signed law taxing Philippine Offshore Gaming Operations (POGOs) or Republic Act No. 11590 is a “major win” for the country as it will help generate billions of pesos in additional funds for public services but without burdening Filipino...
Senator Pia Cayetano on Tuesday, August 3 vowed to expedite the passage of the bill that seeks to clarify the controversy regarding the preferential tax rates of private schools. Cayetano, who chairs the Senate Ways and Means Committee, said she is now waiting for the transmittal of the House of...
Senate Minority Leader Franklin Drilon on Wednesday proposed that another resolution be crafted to complement the approval of a Senate bill that seeks to amend tax regulations governing private schools and institutions. Drilon, during the Senate Ways and Means Committee hearing on Senate Bill No....
The Bureau of Internal Revenue (BIR) should collect the P40-billion in unpaid franchise taxes of Philippine Offshore Gaming Operators or POGOs and they should leave the country once they’ve paid. Senator Risa Hontiveros made the call as she stressed that the social costs that came along with the...
The Senate is set to start plenary debates on the bill seeking to establish the tax regime for Philippine offshore gaming operators (POGOs). Senate Ways and Means Committee chairperson Senator Pia Cayetano sponsors the bill seeking to establish a tax regime for POGOs. (Courtesy of the Office of...
The Senate has approved on third and final reading the measure seeking to extend the estate tax amnesty for another two years. With 23 affirmative votes, the Senate approved Senate Bill No. 2208 which seeks to amend Republic Act No. 11213 or the Tax Amnesty Act, which is set to expire on June 15,...
Senators on Thursday pushed for the passage of the bill seeking to tax Philippine Offshore Gaming Operators (POGO) to help the government generate revenues and fund its major programs, particularly on health and education, badly needed this time of a COVID-19 pandemic. Sen. Sonny Angara (Joseph...
