Philippine News Agency
DOF pushes for general tax amnesty, online gambling tax laws
The Department of Finance (DOF) is considering a General Tax Amnesty program and measures to curb e-gambling.
Finance Secretary Ralph Recto confirmed the DOF is drafting a bill for a General Tax Amnesty, which will be simpler than a previous version vetoed in 2019.
The government is also studying the possibility of enacting Online Gambling Tax laws.
Recto stated that the DOF is looking into preventing government-owned and -controlled corporations (GOCCs) from investing in online gaming firms.
The proposed tax amnesty measure is expected to be pushed within 2025, pending consultations with the Office of the President and other Cabinet Secretaries.
Recto mentioned that a semi-summit to discuss online gambling issues will be called by the President, involving a whole-of-government approach.
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