SC strikes down 5% POGO franchise tax

Business Mirror LogoBusiness Mirror1 mo ago

SC strikes down 5% POGO franchise tax - Business Mirror

Quick Summary:

THE Supreme Court has declared unconstitutional a provision in Republic Act No.11494 or the Bayanihan 2 Law and several revenue regulations issued by the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) imposing a 5-percent franchise tax on gross bets from gaming operations of the Philippine Offshore Gaming Operators (POGOs).

The post SC strikes down 5% POGO franchise tax first appeared on BusinessMirror.

However, the petitioners said a closer examination would show that Sections 11 [f] and [g] of the Bayanihan 2 Law impose new taxes in the guise of merely listing sources of funding.

More Pictures


Article Details

Author / Journalist: Joel R. San Juan

Category: EconomyStartups



Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 16:17:00 (1 months ago)

News Timezone: GMT +8:00

Ranking: #1045 (out of 3380 stories this day)

News Source URL:

Language: English

Article Length: 989 words

Reading Time: 6 minutes read

Sentences: 25 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 623021

View Article Analysis

About Business Mirror

Business Mirror Logo

Main Topics: EconomyStartups

Official Website:

Update Frequency: 75 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 8 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "SC strikes down 5% POGO franchise tax" has 989 words across 25 sentences, which will take approximately 5 - 9 minutes for the average person to read.

Which news outlet covered this story?

The story "SC strikes down 5% POGO franchise tax" was covered 1 months ago by Business Mirror, a news publisher based in Philippines.

How trustworthy is 'Business Mirror' news outlet?

Business Mirror is a fully independent (privately-owned) news outlet established in 2005 that covers mostly economy and startups news.

The outlet is headquartered in Philippines and publishes an average of 75 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #623021
  • URL:

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.