97
ter states that no other taxes, the tax incentives regulated tained in the Omnibus Code, franchise, common carrier
levies or fees shall be charged in the Omnibus Investment such as: (i) exemptions from or VAT and other percentage
to PAGCOR. The company Code. This means that quali- taxes in the importation of taxes on public and service
is granted express exemption fying companies may benefit capital goods and equipment utilities, amongst others.
from income tax, import tax from a four to six year income needed for the operation; (ii)
or customs duties. tax holiday (four years for exemption from national in-
For further analysis on taxation
Any casino run under a
in the Philippines see Taxation
“non-pioneer firms” and six ternal revenue taxes such as
in the Philippines - a Practical
management agreement with years for “pioneer firms”). gross receipt taxes, VAT, ad guide by Francois Peglau
PAGCOR is given an exemp- They may also benefit valorem duties, excise taxes
* GamblingCompliance Ltd./
tion on any import duties or from other exemptions con- for sales; (iii) exemption from Macau Business
levies on gaming equipment,
automobiles, ships etc. Simi-
larly the tax exemptions ex-
tended to PAGCOR extend
to any operators to which it
contracts the management of a
portion of its gaming business.
Investors in the new Manila
Bay casino project will not
be subject to income taxes on
gaming revenues. Rather they
are subject to fees which are
payable to PAGCOR as set out
in the Terms of Reference.
Non-junket operators
must pay to PAGCOR:
- 15 percent of gross gam-
ing revenues from high roller
tables (i.e. minimum bet of
US$10,000);
- 25 percent of gross
gaming revenues from non
high roller tables;
- 25 percent of gross gam-
ing revenue from slot machines;
- 2 percent of total gross
gaming revenue for the resto-
ration of cultural heritage (ad-
ditional to other fees).
For junket operators, 15
percent of gross gaming rev-
enue is payable. Income from
the resort from non-gaming
revenue will be subject to nor-
mal taxes.
Online gaming licens-
ees in the Cagayan Special
Economic Zone and Freeport
(CSEZFP) are the beneficia-
ries of certain tax incentives
and are only liable to pay a five
percent tax on gross income.
The licensee must provide
its gross winnings figures to the
regulatory within five days of
the end of the month to which
they relate. The levy must be
paid within 15 days of receiv-
ing the levy billing invoice.
Companies located in the
CSEZFP are also entitled to
March 2010
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