Over 240 offshore gaming operators in the Philippines are expected to remit the monthly withholding taxes of their foreign employees on or before the Aug. 10 deadline set by the Bureau of Internal Revenue, an agency official said Tuesday.
BIR deputy commissioner Arnel Guballa said of the 248 POGO service providers licensed by Philippine Amusement and Gaming Corp., six companies had so far remitted P200 million in withholding taxes to the bureau for the month of July.
He said the remaining 242 service providers would do the same and were expected to remit their foreign workers’ taxes on or before Aug. 10.
Under BIR rules, employers must remit withholding taxes from their workers on the 10th day after the end of the previous month.
“Six companies initially remitted, [but] others will follow,” Guballa assured, noting that Aug. 10 is BIR’s deadline for the next payment of withholding taxes.
Industry sources said all licensed POGO service providers vowed to remit withholding taxes after one of the biggest service firms initiated the industry’s compliance with Finance Secretary Carlos Dominguez III’s tax enforcement directive.