THE Philippine Amusement and Gaming Company (PAGCOR) has clarified a report that it unsuccessful to obtain PHP1.4 billion in tax from offshore gambling operators, declaring the excellent amount of money was because of to its attempts to clampdown on illegal sites.
The Fee on Audit (COA) in a the latest report explained the regulator experienced been not able to gather earlier because of receivables.
PAGCOR stated individuals receivables were being the product or service of its “intensive struggle towards illegal on line gambling and its overzealousness to increase collections for governing administration coffers.”
For the several years 2018, 2019 and 2020, PAGCOR intensified its regulatory endeavours by conducting investigate and carrying out investigations on undeclared web-sites, video games and operations which are supposedly joined to the agency’s POGO Licensees, it explained.
PAGCOR found numerous internet websites which appear to be mirrors of the declared websites of its operators as they consist of their game titles, with some even made up of their brand names or logos.
The regulator claimed it has billed the licensees, based on the regular profits general performance of the declared website. Nonetheless, its licensees have protested the charges, expressing that the mirror web sites are being operate by illegal operators, who are thieving their live streams.
Some of the promises have been fixed and some are nonetheless undergoing validation, it explained.