The Philippines published An Act Taxing Philippine Offshore Gaming Operations (Republic Act No. 11590) in the Official Gazette on 23 September 2021. The Act provides new rules for the taxation of offshore gaming licensees, which are defined as offshore gaming operators, whether organized abroad or in the Philippines, that are duly licensed and authorized through a gaming license to conduct offshore gaming operations. Some of the key aspects include: A 5% gaming tax, in lieu of all other direct and indirect taxes, on the higher of gross gaming revenue or receipts or the agreed predetermined minimum monthly revenue or receipts...