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BIR clarifies tax treatment of casino jackpot winnings
THE BUREAU of Internal Revenue (BIR) has issued new revenue memorandum circulars targeting unpaid taxes in digital marketplaces and clarifying the taxation of large casino jackpots. BIR Commissioner Charlito Martin R. Mendoza warned that electronic marketplace (e-marketplace) and gambling operators must strictly comply with withholding tax rules or face immediate penalties. Under Revenue Memorandum Circular […]
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Source: bworldonline.com
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