POGOs viable source of taxes — Salceda
Citing numbers from the Bureau of Internal Revenue, Salceda explained that the Pogo Tax Law resulted in greater revenues, contrary to earlier statements from some lawmakers.
Citing numbers from the Bureau of Internal Revenue, Salceda explained that the Pogo Tax Law resulted in greater revenues, contrary to earlier statements from some lawmakers.
Love your own, or in the case of a lawmaker, push laws you yourself have authored.
Economist-lawmaker Joey over the weekend backed the Supreme Court ruling affirming the validity of the POGO Tax Law assessing taxes on Philippine Offshore Gaming Operators.
Salceda authored Republic Act 11590, the POGO Tax Law, enacted in September 2021, which imposed a tax on POGO and other tax administration provisions on offshore gaming licensees, their employees, and their service providers.
The Bayanihan 2 law, passed in September 2020 that imposed taxes on POGO, was deemed unconstitutional by the SC's ruling.
It said that the Bayanihan 2 law, which was primarily designed to address the Covid-19 pandemic, does not require foreign-based POGO to pay a 5-percent franchise tax. However, under RA 11590, they were mandated to pay all their taxes.
"The Supreme Court's decision thus implicitly affirms the validity of the POGO Tax Law," Salceda said. "It is one of the strictest and most regulating tax laws in the statute books, and now, the question of its constitutionality has been implicitly resolved."
According to the lawmaker, this is consistent with the SC's general doctrine of preserving the power of Congress to determine tax policy as an exclusive power.
Citing numbers from the Bureau of Internal Revenue, Salceda explained that the Pogo Tax Law resulted in greater revenues, contrary to earlier statements from some lawmakers.
"From January to October 2021, prior to the implementation of RA 11590, we collected only 300 million per month in taxes from POGO," Salceda said.
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