Asia
Philippine’s BIR Lifts its Closure Order Against GEGAC

The Bureau of Internal Revenue (BIR) in the Philippines has lifted its closure order against Great Empire Gaming and Amusement Corporation (GEGAC).
In an issuance dated September 27 but made available to media on October 1, the BIR said GEGAC was able to comply with the requirements under the National Internal Revenue Code and can now operate in the Subic Bay Freeport Zone, Aseana City in Parañaque City and Eastwood Plaza in Quezon City.
BIR Commissioner Caesar Dulay said the tax assessment was estimated at P1.3 billion.
GEGAC agreed to pay P250 million initially and will settle the remaining balance in 3 months through post-dated cheques.
-
Latest News6 days ago
DreamPlay consolidates its status as a global player in the iGaming industry and opens an office and campus in Cyprus
-
Latest News6 days ago
A Deeper Dive into Online Casino Bonuses
-
eSports7 days ago
TEAM VITALITY AND NESCAFÉ LATTE PARTNER TO LAUNCH “READY TO LEVEL UP”
-
Compliance Updates6 days ago
BGC Represents Betting and Gaming Sector at Shadow DCMS Roundtable
-
Latest News6 days ago
What Online Casinos Need to Know About the EU Gambling Regulations
-
Latest News6 days ago
The Power of Stablecoins in Everyday Life: From Investments to Gaming
-
Compliance Updates6 days ago
Allwyn Secures WLA and EL Responsible Gaming Certifications
-
Latest News6 days ago
How to recognize a reliable online casino