{"id":4364,"date":"2019-10-21T11:47:40","date_gmt":"2019-10-21T11:47:40","guid":{"rendered":"https:\/\/www.top10casinowebsites.net\/news\/?p=4364"},"modified":"2019-10-21T11:47:46","modified_gmt":"2019-10-21T11:47:46","slug":"philippines-shuts-down-yet-another-offshore-gaming-operator-over-tax-issues","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/philippines-shuts-down-yet-another-offshore-gaming-operator-over-tax-issues\/","title":{"rendered":"Philippines Shuts Down Yet Another Offshore Gaming Operator Over Tax Issues"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignleft is-resized\"><img decoding=\"async\" src=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2019\/06\/philippines.jpg\" alt=\"\" class=\"wp-image-4245\" width=\"300\"\/><\/figure><\/div>\n\n\n\n<p>The <strong>Bureau of Internal Revenue<\/strong>\u2019s (BIR) shut down another prominent offshore gaming operator in the Philippines due to tax issues. Last week, officers from the BIR closed two offices of Altech Innovations Business Outsourcing which were based in Pasay City and Para\u00f1aque City.<\/p>\n\n\n\n<p>The BIR claimed that Altech Innovations did not pay proper taxes for employing close to 1,000 workers in the Philippines. Most of these employees were from China and they were allowed to leave the two offices before the authorities locked it down.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.top10casinowebsites.net\/news\/pagcor-stops-accepting-igaming-license-applications-after-pressure\/\">Philippine Amusement and Gaming Corporation<\/a> (Pagcor) which is the gaming regulator in the country has granted over 200 gaming licenses to Pogo\u2019s who are doing brisk business in the Philippines, with most of them targeting Mainland China.<\/p>\n\n\n\n<p>Most of these Pogos have not been paying proper taxes to the BIR which has forced the authorities to launch a crackdown on these offshore gaming operators. The task force found that <a href=\"https:\/\/www.bir.gov.ph\/index.php\/tax-code.html\">Sections 108 and 115(b) of the National Revenue Code<\/a> was violated by Altech Innovations and the company owed the BIR close to P100 million.\u00a0<\/p>\n\n\n\n<p>Altech Innovations had <strong>failed to pay the 25 percent tax that is required when foreign nationals are employed<\/strong>. The company used a front by going under a different name in the building\u2019s directory and came across as one of the many call centers operating out of the Philippines.\u00a0<\/p>\n\n\n\n<p>The company is officially listed as a sole proprietorship business which is owned by one <strong>Jan Erick Lavariaz Altavas<\/strong> whose nationality is not listed. The BIR stated that Altech Innovations could owe a lot more than the initially P100 million that was originally estimated. The authorities are currently working with the Bureau of Immigration to check the validity of the work permits of all Chinese employees working with Altech.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Pogos Must Come Forward And Pay Taxes&nbsp;<\/strong><\/h2>\n\n\n\n<p>The <a href=\"https:\/\/www.top10casinowebsites.net\/news\/major-pogo-operator-gets-license-revoked-as-philippines-begins-crackdown\/\">BIR will continue to crackdown on Pogos<\/a> as the authorities are no longer willing to turn a blind eye and allow these gaming operators to evade paying their taxes. The Pogo task force are also aware that a number of Pogos are hiding behind corporate names and also using a home based business model to operate in the country.<\/p>\n\n\n\n<p>BIR wants Pogos to come forward voluntarily and pay their overdue taxes or run the risk of having the authorities evade their premises. The task force has confirmed that Pogos who do no toe the line can expect surprise visits!&nbsp;&nbsp;<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bureau of Internal Revenue\u2019s (BIR) shut down another prominent offshore gaming operator in the Philippines due to tax issues. Last week, officers from the BIR closed two offices of Altech Innovations Business Outsourcing which were based in Pasay City and Para\u00f1aque City. The BIR claimed that Altech Innovations did not pay proper taxes for [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,11],"tags":[],"class_list":["post-4364","post","type-post","status-publish","format-standard","hentry","category-industry","category-legislation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Philippines Shuts Down Yet Another Offshore Gaming Operator Over Tax Issues<\/title>\n<meta name=\"description\" content=\"The Bureau of Internal Revenue\u2019s shut down another prominent offshore gaming operator in the Philippines due to tax issues.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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