BIR: 5% franchise tax on offshore POGOs in effect since 2017

he Bureau of Internal Revenue (BIR) has maintained that foreign-based Philippine Offshore Gaming Operators (POGOs) should pay the 5 percent franchise tax before they can resume their operations, as clearly…

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World Bank support to PHL for COVID response reaches US$1.2-B

The World Bank has disbursed as of April this year a total of US$1.2 billion in concessional financing to the Philippines to support the government’s efforts in containing the spread…

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Dominguez cites EU support for peace, development programs in Mindanao

Finance Secretary Carlos Dominguez III underscored Friday the longstanding support of the European Union (EU) for the Philippine government’s peace and development programs in Mindanao that could serve as a…

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