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In 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.2 million with the extra cash earmarked for use ‘to fund the various types of assistance’ for sectors recently impacted by the coronavirus pandemic.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....
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4 billion shortfall in the Asian nation’s coronavirus relief fund and moreover lays out penalties that could eventually see non-compliant firms unceremoniously stripped of their POGO licenses. Just recently, the developer announced that Buffalo Rising Megaways is the latest title to join the fray. Just recently, the developer announced that Buffalo Rising Megaways is the latest title to join the fray....
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