After reading, What Is ‘Offshore Gaming Licensee’?, read also Voluntary Dissolution of a Corporation Where No Creditors are Affected
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The State strictly regulates all forms of legal gambling and prohibits all forms of illegal gambling
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An offshore gaming licensee refers to offshore gaming operator whether organized abroad or in the Philippines
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An offshore gaming licensee-gaming agent merely acts for the purpose of receiving summons and other legal processes
The State, through Republic Act No. 11590 or An Act Taxing Philippine Offshore Gaming Operations, strictly regulates all forms of legal gambling and prohibit all forms of illegal gambling. However, the State reiterates that the recognition of legal forms of gambling including offshore online gaming, shall not be construed as a favorable state endorsement of such activity.
What is ‘offshore gaming licensee’?
The law says:
The term ‘offshore gaming licensee’ refers to offshore gaming operator, whether organized abroad or in the Philippines, duly licensed and authorized, through a gaming license, by the Philippine Amusement and Gaming Corporation or any special economic zone authority or tourism zone authority or freeport authority to conduct offshore gaming operations, including the acceptance of bets from offshore customers, as provided in their respective charters.
In relation to ‘offshore gaming licensee’ is the term ‘offshore gaming licensee-gaming agent’ which refers to the representatives in the Philippines of an offshore-based operator who shall act as a resident for the mere purpose of receiving summons, notices and other legal processes for the offshore gaming licensee and to comply with disclosure requirements of the Securities and Exchange Commission. The offshore gaming licensee-gaming agent shall not be involved with the business operations of the offshore gaming licensee and shall derive no income from the said business.
Are foreign individuals employed by an offshore gaming licensee subject to Philippine tax? A related article will be posted in a few days.
Alburo Alburo and Associates Law Offices specializes in business law and labor law consulting. For inquiries, you may reach us at info@alburolaw.com, or dial us at (02)7745-4391/0917-5772207.
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