Philippine government weighs 10% tax increase on online gambling
The Philippine government is considering a 10% tax increase on online gambling operators as part of a review of sector rules, Finance Secretary Ralph Recto said. He said the increase could raise PHP20 billion annually; gaming law expert Tonet Quiogue argued that higher taxes could push operators towards grey or illegal markets.
A tax increase could change operators’ costs in a market where the current burden is estimated at 35% to 38% of GGR.