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The source explained that such firms will now be obliged to pay a 5% tax on turnover rather than the previous 2% duty on revenues with state-determined exchange rates utilized to calculate the local equivalent of any amount owed in a foreign currency.Gardner reportedly proclaimed…“The Philippines has historically been a jurisdiction chosen by Asia-facing operators but following the recent negative press surrounding POGO and more recently th7 million in additional annual funds to help counter the nationwide impact of the coronavirus pandemic.silver sands casino software

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