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According to a report from Inside Asian Gaming, the new Bayanihan to Recover as One Act is to require iGaming firms possessing a Philippine Offshore Gaming Operator (POGO) license to pay a 5% tax on turnover rather than revenues with an official exchange rate utilized to calculate the local equivalent of any amount owed in foreign currencies.The Madrid-headquartered firm used an official Monday press release published by European Gaming Media and Events to declare that the new alliance will ‘expand its content catalog’ by allowing its advanced platform to increase what it is able to offer iGaminIn the Philippines and President Rodrigo Duterte (pictured) has reportedly signed a piece of legislation into law that has been designed to more than double the amount of tax collected from domestic holders of an offshore gaming license....
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