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SEC. 5. Taxes on Casino. There shall be collected from the grantee the following taxes and fees: An initial permit fee of P1,000,000 and an annual permit fee of not less than P50,000 nor more than P200.000 as may be determined by the Commission; and A weekly fixed tax of: (1) not less than P2.000 nor more than P5,000 for each type of game per table, and (2) not less than P300 nor more than P500 for each slot machine or similar devices as may be determined by the Commission.
SEC. 6. Taxes on Chips. There shall be collected on every sale-of chips by the casing operator to a player, a tax equivalent to five per centum of the value thereof. The tax herein imposed shall be in lieu of income tax for which the player may be liable on his winnings. For this purpose, no bets shall be allowed in the casino except through chips purchased from the Cashier's box inside the casino. Under no circumstances shall chips be purchased on the gaming table nor any chips be borrowed from another player inside the casino.
Annual License Fee on Gaming Employee of Casino.
SEC. 7. Annual License Fee on Gaming Employee of Casino.—There is hereby imposed an annual license fee of P75 on every casino manager and pit boss, and P50 on every dealer and other similar gaming employee of the casino.
Player's Annual License Fee.
SEC. 8. Player's Annual License Fee.—There is hereby imposed a player's annual fee of F500 on every person who enters and takes part in gambling games in the casino. The Commission shall prescribe the qualifications of persons who may apply for the player's license: Provided, however, That in no case shall a player's license be issued to a person whose annual net taxable income, as shown by his latest income tax returns, be less than P50,000: Provided, farther, That a tourist from broad shall be allowed to enter and play in the casino without having to comply with these requirements other the presentation of a valid passport.
Manner, place and time for payment of tax.
SEC. 9. Manner, place and time for payment of tax.— It shall be the duty of the grantee to make a true and complete return of the types of games per table, slot machines or similar devices under Section 5(b), and pay the tax to the Bureau of Internal Revenue on or before the first business day of the following week. For purposes of collecting the tax imposed in Section 6, the grantee is hereby constituted withholding agent and shall submit a weekly return of the amount of chips sold and remit the tax due thereon to the Bureau of Internal Revenue on or before the first business day of the following week. All taxes and fees imposed under Sections 5(a), 7 and 8 of this Decree shall be paid to the Bureau of Internal Revenue on or before the 31st of January. If the tax or fee is not paid within the time prescribed therein, the amount of the tax shall be increased by twenty-five per centum, the increment to be a part of the tax. In addition thereto, there shall be collected an interest of fourteen (14) per centum per annum, from the original due date. In case of willful neglect to file the return within the period prescribed herein, or in case a false or fraudulent return is willfully made, there shall be' added to the ax, or to the deficiency tax, in case any payment has been made on the basis of such returns before the discovery of the falsity or fraud, a surcharge of fifty per centum of the amount of such tax or deficiency tax. The amount so added to any tax shall be collected at the same time and in the same manner and as part of the tax, unless the tax has been paid before the discovery of the falsity or fraud, in which case, the amount so added shall be collected in the same manner as the tax
Apportionment of Revenue.
SEC. 10. Apportionment of Revenue.—The proceeds of the taxes, fees and licenses collected under this Decree shall be apportioned as folows: To the Metropolitan Manila Authority, the taxes under Section 5 of this Decree. To the National Government, the proceeds of the taxes and fees under Sections 6, 7 and 8 of this Decree.
Importation of Gam inn Paraphernalia and Devices.
SEC. 11. Importation of Gam inn Paraphernalia and Devices.—The importation of gaming paraphernalia and devices shall not be allowed, except when the importation is made by the grantee for its exclusive use in the casino and duly authorized by the Commission. The paraphernalia and devices so imported shall be subject to a tariff duty of 100% ad valorem of the dutiable value of such article and a 70% compensating tax, the provisions of existing laws to the contrary notwithstanding.
Keeping of books of accounts, invoices and receipts.
SEC. 12. Keeping of books of accounts, invoices and receipts.—The grantee shall keep books of accounts and other accounting records for its daily transactions and issue invoices or receipts for every sale of chips. The books of accounts, accounting records, invoices or receipts, which shall be duly registered with the Bureau of Internal Revenue, in accordance with the pertinent provisions of Sections 334 to 337 of the National Internal Revenue Code and the regulations thereunder, shall be open for inspection and examination by the Commission and the Bureau of Internal Revenue. PART III—PENALTIES
Provisions on this page are reproduced verbatim from official open data. See the attribution line.
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).