Government open to possibility of imposing taxes on online gambling

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Transcript

00:00Gambling is just as addictive and menacing as narcotics or legal drugs,

00:04especially and if the games are accessed in the inconspicuous places of cyberspace

00:09where juveniles and minors can freely enter and engage.

00:13Thus, the president has set his sights fixed on the gambling menace raging online,

00:17as our Kenneth Paciente reports.

00:21President Ferdinand R. Marcus Jr. is closely monitoring online gambling in the country.

00:26According to the palace, the president is aware of the potential harms that gambling can cause to individuals who became addicted to it.

00:34Thus, Malacanang is open to the possibility of imposing taxes on online gambling.

00:56Pero paiigtingin pa po, maliban po dito sa mga online gaming sites na license or lehitimo naman,

01:05paiigtingin po lalo ang paglaban sa mga illegitimate o yung mga hindi tama o hindi rehistradong mga online gaming sites.

01:16It can be recalled that Finance Secretary Ralph Rectos said the agency is studying the imposition of taxes on digital gambling platforms

01:23to control public access to online gambling.

01:26Several bills have also been filed to regulate or possibly ban online gaming in the country,

01:32which the president is said to be reviewing.

01:34Gusto natin limitahan ang itong klaseng mga pagsasugal at mabawasan mga gumon sa sugal.

01:40At ito po ay para sa taong bayan at ang lahat ng pwedeng suggestion at mga aaring batas para ito ay masawata,

01:48hindi na lang po yan tututulan ng ating Pangulo.

01:50In line with this, the Banko Sentral ng Pilipinas or BSP is expected to issue a circular

01:56aimed at protecting users of digital platforms from the dangers of online gambling.

02:00As of now, the BSP has distributed the draft of the said circular

02:04and is currently consulting stakeholders for their feedback and suggestions.

02:08Under the proposal, BSP-supervised institutions or BSIS such as banks and electronic money issuers

02:15would be required to implement stricter measures to protect users of their digital platforms from online gambling.

02:22Among these measures is the imposition of limitations on user access to gaming sites or apps.

02:28Kenneth Paciente

02:29From the National TV Network

02:31For a new and better Philippines

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Transcript

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