11 POGO branches shut due to tax violations, BIR says | ABS-CBN
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11 POGO branches shut due to tax violations, BIR says
11 POGO branches shut due to tax violations, BIR says
ABS-CBN News
Published Nov 27, 2019 10:47 AM PHT
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Updated Nov 27, 2019 01:48 PM PHT
MANILA – (UPDATE) The Bureau of Internal Revenue said Wednesday it shut 11 offshore gaming branches for tax violations.
The branches owned by service provider New Oriental Club88 Corp were closed by the BIR for not paying taxes. The branches were also unregistered, BIR deputy commissioner for Operations Arnel Guballa said.
MANILA – (UPDATE) The Bureau of Internal Revenue said Wednesday it shut 11 offshore gaming branches for tax violations.
The branches owned by service provider New Oriental Club88 Corp were closed by the BIR for not paying taxes. The branches were also unregistered, BIR deputy commissioner for Operations Arnel Guballa said.
New Oriental is one of the biggest firms running offshore gaming operations in the country, he said. It also operates a customer relations service and live streaming studio in Makati City, the BIR said.
New Oriental is one of the biggest firms running offshore gaming operations in the country, he said. It also operates a customer relations service and live streaming studio in Makati City, the BIR said.
PH Bureau of Internal Revenues closes down 11 branches of an offshore gaming operator, New Oriental Club88 Corp for violating tax laws
The branches were found to be not registered at the BIR and not paying taxes pic.twitter.com/CrXr1hC5vb
— Bruce T. Rodriguez (@BruceTRodriguez) November 27, 2019
PH Bureau of Internal Revenues closes down 11 branches of an offshore gaming operator, New Oriental Club88 Corp for violating tax laws
— Bruce T. Rodriguez (@BruceTRodriguez) November 27, 2019
The branches were found to be not registered at the BIR and not paying taxes pic.twitter.com/CrXr1hC5vb
A 48-hour notice will be issued to the main branch of New Oriental Club88, ordering it to register its other branches or face more closure orders.
A 48-hour notice will be issued to the main branch of New Oriental Club88, ordering it to register its other branches or face more closure orders.
Some lawmakers said the country could earn as much as P20 billion from POGO taxes. The Department of Finance earlier said POGOs could be subjected to income taxes.
Some lawmakers said the country could earn as much as P20 billion from POGO taxes. The Department of Finance earlier said POGOs could be subjected to income taxes.
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The government has intensified its crackdown on illegitimate operations following a plea from China to "punish" firms that illegally recruit its nationals.
The government has intensified its crackdown on illegitimate operations following a plea from China to "punish" firms that illegally recruit its nationals.
-- with a report from Bruce Rodriguez, ABS-CBN News
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