PAGCOR Eyes Further Tax Cuts for Gaming Industry

The possibility of significantly lower tax rates for the gambling industry, both online and off, has been left open by the Philippine Amusement and Gaming Corporation (PAGCOR).

By 2025, Chairman Alejandro H. Tengco promised a firm 30% reduction for online operators. He did, however, raise the possibility of more adjustments depending on how the industry performs.

“If these rates stabilize and propel growth, I won’t hesitate to lower them again,” Tengco said. Tax benefits may be available to land-based businesses operating online in order to enhance their online infrastructure and customer experience.

This declaration comes after taxes on internet gaming were recently lowered from 42.5% to 35% in April 2024. The goal of the action is to fight the gray market and boost investment.

Original Story by: Asian Gaming Brief