Taxes collected by the Bureau of Internal Revenue from the offshore gaming industry rose to 7.2 billion pesos in 2020 despite the suspension of operations last year due to lockdowns.
The BIR said collections from Philippine offshore gaming operators increased to 7.18 billion pesos in 2020 from only 2.36 billion pesos in 2018.
Year-on-year, tax payments from POGOs increased by 12 percent from about 6.4 billion pesos in 2019.
The BIR’s collections from POGOs increased even with the temporary suspension of operations implemented by the Philippine Amusement and Gaming Corporation early last year to contain the spread of the pandemic.
This was also despite the decision of some POGO firms to leave the Philippines, and the limitations on operational capacity imposed on companies as part of health protocols.
According to PAGCOR’s website, there are now only 51 POGOs licensed by the regulator, coming from 60 before the pandemic.