Saturday, June 25, 2022

POGO crackdown has produced $25 million in extra tax revenues


Finance Secretary Carlos Dominguez has declared that the task force led by the Bureau of Internal Revenue (BIR) has wrung an additional PHP1.2 billion (about $25 million) in tax revenues from a delinquent POGO that was temporarily shut down in September.

The Great Empire Gaming and Amusement Corporation was required to cough up these funds after initially paying PHP250 million, and making a commitment to settle the remaining PHP1 billion in three monthly payments.

Since that time, the task force has moved against two other POGOs, Altech Innovations Business Outsourcing in October, and New Oriental Club88 Corporation earlier this week. Both of these POGOs are expected to be given permission to operate after they reach an agreement with the tax authorities.

“Basically we’re going hard against people who are evading taxes,” Dominguez said.

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