Earnings from online play-to-earn games, such as Axie Infinity, are taxable, the Department of Finance said.Amid a rapid rise in popularity of online multiplayer video games that also allow players to generate profits, Finance Undersecretary Antonette C. Tiono said that earnings from these gaming platforms are subject to income tax.
Axie Infinity, a blockchain game whose popularity rose exponentially in the country amid the pandemic, allows players to earn in-game cryptocurrencies that could then be traded and exchanged to pesos. Tionko however admitted that the “characterization” regarding whether “Axie” is a currency or security remains unresolved by the Securities and Exchange Commission and the Bangko Sentral ng Pilipinas .
An “Axie” used to cost only around P250, but due to the rapid rise in popularity of the virtual game, its price has skyrocketed to roughly P33,000 per digital pet.While the Vietnam-based Sky Mavis is a non-resident foreign corporation, she pointed out that the company’s income derived from sources within the Philippines should be covered by local taxes.
AxiePakistan Appleasant day managers I'm badly looking for scholarship Name:Claros Sayson Age:29 Gender:male Location:philippines Will do all my best to do my partt Reason:I have 2 child to feed and my salary can't fit for our daily needs,hoping to be part of ur team manager🙏❤️❤️
10K+ twitter followers , 1700+ ETH opensea trading volume , organic sales , great discord community , amazing team .... checkout this NFT Project once COVIDPunksNFT COVIDPunksNFT
Hello maam I want to applay scholar because I need to provide my family needs especially this pandemic i have my time to playing with your team please help me ma'am I can earned 150-170 SLP per day and I have many time to play this game hope you accept me and take care always
,
Hello manager name Jr Larry acedo I want to applay scholar because I need to provide my family needs especially this pandemic i have my time to playing with your team I please help me manager I can earned
Slwcookinwealth Ohhhh...
Slwcookinwealth Sad
This also means that the Philippine Government is now recognizing crypto as assets and as source of wealth. Nothing comes from nothing SLP-Php. The Philippines to follow El Salvador next to recognize crypto coins as national currency.
We would love to pay if nakikita naming napapaikot tlg ang taxes
this is very unfair :'(((((
Puro kurakot kayo dof
The Simple Question If the DOF manage to put Taxes In Axie Infinity What would the other country thinks? That our Government is trying to be stupid or Trying to Get some Extra Income in Axie Infinity?
pero pano kung benta direkta yung SLP ronin to ronin? hahahahaah
Lol this is pretty much the same as youtube revenues. Pag ito nahanap nila ng paraan para makunan ng tax ay putangina gahaman na nga talaga sa pera gobyernong ito. Ayusin muna nila serbisyo nila tangina nila.
Lakas nyo naman. Unahin nyo muna yang gabundok na issue. Hindi kung saan saan kayo nangungurakot. BSP nga hindi ina-acknowledge ang crypto tapos sama nyo pa Sectrade. Basta pera pinapasok nyo. Kahit hindi pasok sa scope nyo.. pweee!!
Asikasuhin nyo muna ang covid bago axie, di pa nga nakapagbakuna lahat ito na inaatupag ng government! Jusko! Mag isip² kayo! Kinabukasan muna sa mga tao dahil my covid pa di yung puro kayo pera!
Gawa na lang kayo youtube para kumita kayo hindi pinakikialaman niyo buhay ng may buhay
hindi stable ang galaw ng crypto kaya dili na lang ako magtalk
makapangurakot lang talaga ang mga hindot HAHAHAHHAHAHA
Hi DOF_PH .. pa isko naman..kayo na magmanager
deregulated finance nga ...anak ng baka...tax evaders nga di niyo mahabol deregulated finance pa.....crypto yan boy....mas madali pa hanapin ang mga kurakot sa gobyerno kesa i trace ang financial transactions ng crypto currencies
Contract tracing nga sa covid di nyo ma trace. Axie players pa hahahaha
WinnersGuild Nakakatung naman Ang axei.. sa mahihirap..tapos..saluhan..nyo.pa...
Dapat mga nagbebenta ng shabu lagyan din nila para patas.
Pag ba 900 MMR below wla pong tax? 😆
Mag bayad talaga kayo ng tax lahat ng live streamer even lahat ng you tuber need to pay the tax kung ordinary nag trrabaho nag babayad ng tax , kayo pa kumikita ng malaki mas dpaat nag babayad. Kailangan fair lahat ng tao hindj pwede mga employed lang ang kinakaltasan nio.
Imemorize nyo pangalan, wag iboboto kahit kapitan , eto mga utak buwaya na politiko hahaha
Oks lang kung gagamitin ng maayos ang tax. Kaso hindi naman. Umay sainyo
there are online sellers earning millions, there are youtubers earning millions there are streamers earning thousands of pesos.. i think the gov't should start with them..
TSSSSSK
Seryoso DOF ganyan kayo kalakas to have access to ETH? Hanap tayo ibang way please.
Hi MANAGER I'm Jemarie Indab, 22 years old from Philippines. I'm looking for a scholarship. I'm an online gamer I willing to grind 9-11 hours. I can earn 150-200 SLP day. I will be really grateful if you will choose me to be one of your scholars. Dis. name.choii4134 GOD BLESS 🙏
The price of SLP has gone down and you still want to tax and SLP have exchange fee as well we only get,a what spare change?
since technically there are no physical servers of axie/sky mavis located in the Philippines. Those NFTs were derived from foreign soil and traded here in ph. These poor scholars are the new OFWs, the Ph gov't should recognize these games and finance the scholars via loan.
mukang hindi po ito taxable based sa section 23 of the Philippine tax code: (C) An individual citizen of the Philippines who is working and deriving income from abroad as an overseas contract worker is taxable only on income derived from sources within the Philippines:
Haha tanga talaga ng DOF at BIR. You can't tax crypto currency in a decentralized system like axie infinity or any crypto game. It's like taxing your bitcoin or ethereum, which is like taxing your peso and dollar.
Ngaleng waw
How do you know it's mine?
Hahaha
WTF? Di naman sa pilipinas tong Axie Infinity which is sa ibang bansa tapos taxable sya? How?
Fuck taxes. Taxation is a theft.
Okayyy okayy listen! What if.... Bumili ng sariling team isa sa government officials tapos ipa-isko niya mga members ng government kesa lagyan ng tax ang axie tapos ibubulsa lang naman nila hahahah
Only taxable once converted in pesos.
WTF!! Hell no! 😂😂😂 I ain't paying shit! Find fundung for your scamdemic elsewhere!!
Goodluck kung pano nila gagawin yqn ahahaha
pixelslan
I hope they wouldnt charge the tax high...because we are trying hard to earn for a living..
Ay... Bat ayaw nila guminhawa buhay natin. Mas okay sana walang tax. Walang ayuda yung may axie accounts ganun lang... Pano naman yung 20-30% share lang kawawa. 🥺😔
pano nila matratrace axie players? eh contact tracing nga di nila maayos 😜
Lahat nlng na paraan ginawa ng mga tao para kumita, anjan na naman kau sige ka tax
Tangna nio, buti Sana Kung may napupuntahn ung mga tax nmn, pero wala eh sa bulsa nio LNG, mga buwaya
Cannot be. Araw araw baba taas ang price so pano? Ahahahaha then sa ibang bansa sya tru b2b transaction hindi pwede taxan yon🤣 parang online selling lang yan cannot be🤣 wala na nga mabigay na ayuda kakana pa kayo ng ganyan pakyu
Ano bato paki alamiro ang ? _______ wla nabang pera na manakaaw? hoi gumising kau hindi to sa inyu at saka pasalamat pa nga kau may pakinabang rin tong laro na to. isipin nyu d na kaylangan mag ngibang bansa .KAC MAY DOLRS NA PUMAPASOK DITO AXIE INFINITY IS NOT TAXIBLE🙂
Ouch bago pa lang naman kami e. Ay sawi agad.
Taxxxxx 😵💫😵💫😵💫
Technically this is right. Nasa batas yun eh. Pero maiintindihan mo din kung bat di naggkukus a magbayad ng tax yung mga tao lalo na pag di traceable yung income. Ang mahal mabuhay sa pinas, pangit ng hcs tapos dami pang corrupt. Sinong masasabik magbayad ng tax?
mama niyo taxable
Putangina nyo
Manol mo lintian, kusog ko mag txt mura byag padulong sa mga tawo inyo ra bayang ipangbulsa
crypto nga di nila mataxan axie pa kaya 😜
It wouldn't hurt this much to pay taxes if & when we know our hard earned money is being spent wisely and for the benefit of the citizens. Hindi yung kalagitnaan ng may mga questionable financial transactions by diff government agencies, maghahanap nanaman kayo ng pagkakakitaan.
whew!
Sarap naman pakinggan nito hahaha sana 10% tax po ang idagdag nyo or 20% para wala na mag live stream or mag flex pa hahahahah
MMR based po ba yung tax? 😂
Hay naku hindi talaga titigil goverment kaka hunt ng mga pinag kakkitaan. Display pa 😂😂 yayamanin eh.laki kita diba , hindi namn pwedi mga players lang kikita siempre gov din. So yun good luck nalang. 😂😂😂
Alst0nDG hahahahahahhahahaha
SunKingYnz
hayop nayan 🤣
Awit talaga ayaw kasi nila may yumaman sa pamamagitan ng paglalaro ng ganyan. Yung 15 billion na ninakaw ng philhealth yun hanapin nyo yun tas paghatian niyo
mababa na nga slp then may exhange rate diff + gas fee. Au-gusto pa may tax pa? Ano na lang kikitain ng mga Pinoy na umaasa sa Axie Infinity?
Still hoping sir🙏🙏
Malabo yan kagaguhan
pababa nang Pa baba ang SLp May Tax Pa... EtOng D Pa Naka Scholar oh kqylan kaya..
Bida bida kase kmjs pinoromote pa umay
Taxes are good, as long as the citizens in the state get what they pay for 🙄🙄🙄
Kaya d mayaman Ang pilipinas eh☺️
Goodluck
Remember the train law you passed that gonna increase every year
taxable ata pag tinrade as fiat, ewan
WALANG WALA NA BA 🤑
Thank you, Duterte
RenShobii jpaulpunzalan mga bes oh.
Youtube Earnings may tax + kaltas ng US tax tapos pati ba naman axie ahhaha
yan kc mga pasikat kayo di na lang manahimik mga putang ina nyo
how will you tax this?
Ung naghahanap mga tao ng pagkakakitaan ngayong pandemic, pero naghahanap din ng paraan ang gobyerno na ilugmok ang mga tao. La lang.. Not an Axie user, pero kung nakikita siguro ng mga taxpayer san napupunta pera, willing to give. Pero kung kinukurakot lang, wag nalang.
laws please
Paano naman nila trace un Hmmm hahaha anu yan witch hunt
Bumaba na nga slp my tax pa 😂😂😂 mobile legends nlng