Section 4Sec./Art. 4

Section 27 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows:

SEC. 27.Rates of Income Tax on Domestic Corporations.

(A) x x x

(B) x x x

(C) x x x

(D) x x x

(E) x x x

(F)Offshore Gaming Licensees. The provisions of existing special or general laws to the contrary notwithstanding, the non-gaming revenues of Philippine-based offshore gaming licensees as duly licensed by the Philippine Amusement and Gaming Corporation or any special economic zone authority or tourism zone authority or freeport authority shall be subject to an income tax equivalent to twenty-five percent (25%) of the taxable income derived during each taxable year from all sources within and without the Philippines.

(G)Accredited Service Providers to Offshore Gaming Licensees. Unless otherwise provided in this Code, accredited service providers to offshore gaming tax imposed by Section 125-A, but shall pay such rate of tax as imposed in Section 27(A) of this Code, and shall be subject to all other applicable local and national taxes.

For purposes of this Section, an accredited service provider to an offshore gaming licensee (Service provider) shall be a juridical person that is duly created or organized within or outside the Philippines or a natural person, regardless of citizenship or residence, which provides ancillary services to an offshore gaming licensee as defined by Section 22(II) of this Code or to any gaming licensee or operator with licenses from other jurisdictions. Such ancillary services may include, but shall bot be limited to, customer and technical relations and support, information technology, gaming software, data provision, payment solutions, and live studio and streaming services.