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Malaysia – Malayisa looks to tempt online companies from the Philippines

By - 30 July 2020

Malaysia is set to offer incentives to online operators looking to relocate from the Philippines.

Philippine Amusement and Gaming Corp (PAGCOR) Chair Andrea Domingo to the Office of the President, said Malaysia is offering a ten-year tax moratorium on condition that at least 30 per cent of the work force are from the country. Several online gaming operators have recently left the Philippines with costs rising there.

Malaysia is looking to establish an official government body to monitor, regulate, and tax an online gaming sector. It will divide the sector up into three categories

i) Malaysians gambling on overseas websites

ii) Overseas people gambling on Malaysian websites

iii) Local Malaysians gambling on Malaysian websites.

image by By Jorge L├íscar from Melbourne, Australia – Kuala Lumpur at dawn, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=66054190

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