Fueled by advancements in computer technology, the Online Gaming industry has become one of the biggest moneymakers in the Philippines today. As responsible online gaming becomes an accepted form of recreation or diversion for a number of Filipinos, the annual profits of online casinos, bingo, and sports-betting companies keep increasing at a tremendous rate. PhilWeb, one of the largest online gaming companies in the Philippines today, posted a profit increase of 52% in the first quarter of 2010 alone.
Outsourcing companies in the Philippines can opt for either PEZA or BOI Registration to obtain tax incentives in their respective fields of enterprise.
K&C will identify Philippines Special Economic Zones (PEZA) and Cyber Parks where businesses and individuals are allowed to avail of special tax breaks in Makati, Manila, Ortigas, Eastwood, Cebu and Fort Bonifacio, Philippines.