Thursday, December 26, 2024

Sen. Villanueva Seeks to Repeal POGO Tax Law

1554

Sen. Villanueva Seeks to Repeal POGO Tax Law

1554

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Senator Joel Villanueva on Tuesday filed a bill to repeal the law taxing Philippine Offshore Gaming Operators (POGOs) after President Ferdinand R. Marcos Jr. banned all POGOs due to the disorder and disrespect for Philippine laws.

Senate Bill (SB) No. 2752 calls for permanently canceling POGO licenses and giving 30 days for POGOs to cease operations.

“Bilang pagsunod sa direktiba ni Pangulong Marcos, kailangan na rin po nating siguraduhin na wala nang bakas ng POGO sa Pilipinas (In compliance with the directive of President Marcos, we must also make sure that there is no more trace of POGO in the Philippines),” Villanueva said.

Failure to comply with the proposed bill may result in imprisonment of 12 to 20 years or a fine of PHP100 million or both and will subject the foreign offenders to deportation after serving the sentence.

SB 2752 also mandates the Bureau of Internal Revenue to continue collecting unpaid taxes from POGOs despite the repeal.

A Workers’ Transition Program will also be implemented to assist the affected Filipino workers.

Villanueva emphasized that the negative impacts of POGOs outweigh any benefits from the taxes they pay and urged their expulsion from the country.

“The evidence of crimes and social ills from POGO operations immensely overwhelm the benefits the Filipinos get from the taxes they pay,” Villanueva said.

If passed into law, SB 2752 shall repeal Republic Act No. 11590 or the Act Taxing POGO, which was signed into law in 2021. (PNA)

Disclaimer: The views and opinions expressed on this website, including all written content, articles, and posts, are solely those of the individual authors, whether they are employees, contributors, or guest writers. These views and opinions do not necessarily reflect the official policy or position of the website's management, officers, partners, employees, affiliates, or any other associated entities. The content provided and the information contained therein are sourced independently by the respective writers and are not influenced, endorsed, or verified by the management or any other parties associated with the website. Readers are encouraged to conduct their own research and seek appropriate guidance before making any decisions based on the content of this site.

President In Action

Metro Manila