• The entire gross gaming revenue or the agreed predetermined minimum monthly revenue shall be subject to gaming tax equivalent to five percent (5%)

• The gaming tax shall be directly remitted to the Bureau of Internal Revenue not later than the 20th following the end of each month

• The Philippine Amusement and Gaming Corporation may impose regulatory fees on offshore gaming licensees

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• An accredited service provider to an offshore gaming licensee is an entity organized within or outside the Philippines

• An accredited service provider provides ancillary services to an offshore gaming licensee

• Ancillary services may include customer and technical relations and support

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• The State strictly regulates all forms of legal gambling and prohibits all forms of illegal gambling

• An offshore gaming licensee refers to offshore gaming operator whether organized abroad or in the Philippines

• An offshore gaming licensee-gaming agent merely acts for the purpose of receiving summons and other legal processes

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• A corporation formed or organized under the Revised Corporation Code may be dissolved voluntarily or involuntarily

• A corporation may be voluntarily dissolved where no creditors are affected

• A verified request for dissolution shall be filed with the Securities and Exchange Commission

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