Implementation of weekly reporting and collection of Pagcor share and franchise tax

Philippine Amusement and Gaming Corporation

Creating Opportunities Beyond Gaming

November 29, 2018 MEMORANDUM

T O : ALL GAMING SITE OPERATORS (BINGO GAMES) ALL SERVICE PROVIDERS (ELECTRONIC GAMES) ALL GAMING SITE OPERATORS (ELECTRONIC GAMES)

F R O M : THE ASSISTANT VICE PRESIDENT, GLDD

SUBJECT : IMPLEMENTATION OF WEEKLY REPORTING AND COLLECTION OF PAGCOR SHARE ANd FRANCHISE TAX

its meeting held on November 14, 2018, the following shall be the reporting and collection schedule starting November 11-17, 2018: Please be advised that as recommended by the Compliance Monitoring and Enforcement Department (CMED) and approved by PAGCOR's Board of Directors in 2. Weekly collection of PAGCOR Share and Franchise Tax. 1. Weekly reporting of Gross Sales/ Gross Gaming Revenue (GGR) andl PAGCOR Share; and

The above revisions in the procedures shall also apply to the remittance scheme of Electronic Games operation provided by accredited Service Providers, e.g. eGames.

Electronic Games, as amended, may be downloaded now at PAGCOR's Regulatory website, which include the following: For the new schedule, please refer to the attached "Schedule of Weekly Reporting and Remittance" (Annex A). Accordingly, the corresponding amendments to the Gaming Site Regulatory Manuals (GSRM) version 3.0 for Bingo Games and 2. Additional financial reporting and remittance guidelines for Electronic Games 3. Increased demerit points and penalty for non-remittance of PAGCOR Share; 1. Revised financial reporting and remittance guidelines for Bingo Games Templates for weekly income reports for electronic bingo, traditional bingo operation provided by Service Providers; and electronic games, e.g. PhilWeb's eGames with sample entries. operationi and

For your guidance and strict compliance.

ANGELINE PICA-ENTIENZA CC: OCCEO VP,LRG VP,MEG

3:20100205-n34447 PAGCOR MAIN CORPORATE OFFiCE, iMET BPO Tower, CBP-1A Meiropolitan Parik, Roxas Boulevard, Pasay City Phiippines 13fi (632) 522-0299 / 521-0957 Coninecting All De IrtmentsWebsite: www.pagcor.ph

ANNEX A

WEEKLY REPORTING AND REMITTANCE SCHEDULE

PERIOD REMAINING DAYS OF THE MONTH REMAINING DAYS OF THE MONTH

1 - 3 remaining days 4 - 6 remaining days

COVERED PAGCOR PERIOD SHARE Sunday to Saturday Period (Sunday-Saturday) Previous PAGCOR Share 1-3 remaining days of the including month Sunday to last day of the month

REPORTING PAGCOR SHARE Sunday 1st day of the following month 1st day of the following month

REMITTANCE DUE DATE PAGCOR SHARE (or the following remittance falls banking day if on Holiday) Monday (or the following banking day if remittance falls on Saturday, Sunday or end of the month 2 days after the Holiday) 2 days after the end of the (or the following banking day if remittance falls on Saturday, Sunday or Holiday) month