I consult this thing sa isang retired judge, ang sinagot nya sa akin is ganito.. as a cryptocurrency wala but kapag ito ay ipinapalit na natin sa peso, this is considered as kita so ito ay may karampatang buwis.
If considered as a payment? Kita parin ba ito although its a form of crypto?
Since wala pa namang concrete rules ang SEC, nasasaatin parin if idedeclare natin sya as kita. Sino ba nman ang gustong mataxan lalo na if its not traceable hindi ba?
It all depends if you will declare your crypto income or not.
With the train law in place you can declare your crypto income annually below 250,000 PHP so it will be tax free you just need to submit your ITR and have it stamp and your good.