Hot Topic About Online Sabong International

Online Sabong News Today: Get Updated with the Latest Sabong Scoops
Online Sabong News Today: Get Updated with the Latest Sabong Scoops
  1. Online Sabong Biggest Win: Self-Made Champion
  2. Sabong Local: Are you the next lucky player?
  3. Hail to the king sport, Live sabong
  4. Is Sabong Legal? A Definitive Answer to the Most Tagged Question of All

Sabong Tips To Win

Tips sa Online Sabong: Alamin para Manalo
Tips sa Online Sabong: Alamin para Manalo
  1. Tip sa Sabong: Abot Kamay na ang Panalo
  2. Here Are Some Cool Sabong Tricks
  3. Sabong Techniques: Simplify the Game
  4. Online Sabong Tricks: Trick your Way to Victory

Online Sabong Live Today 2021

NEW YEAR, SAME IMPACT: Online Sabong Live 2021
NEW YEAR, SAME IMPACT: Online Sabong Live 2021
  1. Sabong Online Live 2021: The Winning Site
  2. Lets Have Some Live Sabong Online 2021
  3. The difference between Traditional and SL618 Sabong Live Now 2021
  4. Online Sabong Today 2021: Pwede na ba itong laruin?

Latest Sabong News

Choose the Best: Online Sabong Sites List
Choose the Best: Online Sabong Sites List
  1. A Double-Edged Sword: International Sabong Online
  2. Choose the Best: Online Sabong Sites List
  3. Nation’s Favorite Game: Online Sabong Website Philippines
  4. Some useful Online Sabong Sites

Philippines Online Cockfighting Betting Tax Bill Progresses (Sabong Arena)

10/10 0
Rate This
Sabong Online News
Genre Sabong Arena
Keywords Sabong Online News
Article ID 00000529
Similar Articles Online Sabong Sites List
The Philippine House Committee on Ways and Means approved in principle a bill that proposes a 5% tax for offsite and online sabong (cockfighting) betting, as well as other legally-operated electronic betting activities. The committee oversees monetary, financial, and fiscal issues relating to the national government. In a meeting on Tuesday, committee members agreed in principle on House Bill No. 7919, filed in October by Rep. Joey Salceda. The bill aims to bring more accountability and transparency to online sabong and related games. Speaking about his proposal, Salceda said that the electronic aspect of online sabong betting is currently a legal grey area. As a result of this ambiguity, the government cannot currently levy taxes on these activities. By clarifying the law, Salceda said this move would hopefully “raise multiples more in revenues than the Bureau of Internal Revenue (BIR) collection from cockpits of PHP13.7 million (US$283,828) in 2019.” The committee will now look for a regulatory authority that can implement the proposal. he new tax rate established by the bill would not be in lieu of local government taxes or any regulatory charges or fees from government agencies. The goal of the tax would be to mitigate some of the damage that the COVID-19 pandemic has caused government revenue. Salceda also noted that this proposal does not impose a tax on any services or goods that are essential to Filipino citizens. According to Games and Amusement Board chairperson Abraham Mitra, online sabong and related games are worth approximately PHP50 billion (US$1.04bn) annually. However, local governments cannot currently collect revenues effectively from these industries. During the meeting on Tuesday, the committee appointed Mitra as the chief regulator of e-sabong games. For many years, the Philippine authorities have opposed online gambling expansion. While there is an allowance for offshore online gambling operators – known as POGOs – to base themselves in the country, they cannot target people in the Philippines. With the pandemic shutting down and restricting land-based casinos for many months, however, there has been a change of approach. PAGCOR is now allowing certain integrated resorts in Manila to launch online gambling operations to help make up some of the lost revenue from closures and restrictions. There is no indication if this will be a temporary allowance or a more permanent fixture in the Philippines. Uncertainty still exists about whether or not local residents will be able to use these online gambling sites.

photo (Sabong Arena)

Sabong Online News Sabong Online News Sabong Online News Sabong Online News Sabong Online News

write a review (Sabong Arena)