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POGO tax payments up 11.7% in 2020

Newsdesk by Newsdesk
Wed 27 Jan 2021 at 06:54
China gives Philippines iGaming reprieve but POGOs not safe yet
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The amount of tax collected from Philippine Offshore Gaming Operators (POGOs) grew by 11.7% in 2020, despite the number of operators listed under PAGCOR’s online gaming scheme declining as a result of the COVID-19 pandemic.

According to information from the Bureau of Internal Revenue (BIR), POGO tax reached Php7.18 billion (US$149.3 million) in 2020, up from Php6.43 billion (US$133.7 million) in 2019 and from Php2.36 billion (US$49.1 million) the previous year.

The result is a positive one for the industry moving forward given criticisms from some opponents that the POGO industry has not been fulfilling its revenue expectations.

Notably, the increase comes despite the number of approved operators falling from 60 to 51 in 2020, of which only 34 are currently allowed to operate. A total of 131 service providers are authorized to run online gaming platforms under those 34 approved POGO licenses.

The BIR also surpassed its 2020 revenue target with total revenues of Php1.94 trillion – 15.1% higher than its stated goal of Php1.69 trillion.

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Tags: Bureau of Internal RevenuePAGCORPhilippine Offshore Gaming OperatorsPhilippinesPOGOstax
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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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