Quote from: spadormie on August 19, 2019, 05:25:58 PM

Quote from: Bttzed03 on August 19, 2019, 04:56:04 PM

This topic is worth reviving/bumping.

Indeed it is. Pero I just want to share my experience sa may barangay namin. Humingi kasi ako ng barangay clearance for verification para sa coins noon. And then, they are asking for the reason why I'm getting a barangay clearance. I told them a long story about sa verification. And then, may nabanggit dun yung barangay representative na, yang mga trading trading na yan kase, walang tax yan eh. Parang freelancer. Somewhat ganyan yung sinabi. I don't know if this should be what we follow pero ang sabi ni pinoycash all income is taxable which is true naman. Pero di rin kase stable ang kitaan dito eh. Minsan pa may mga sumasideline lang dito gamit yung forum.

I'm not underestimating the knowledge of that barangay representative but her knowledge on Philippine taxation may be lacking. Hindi parehas ang classification ng trader sa freelancer.

To be more accurate, all income are taxable unless may specific provision na tax-exempt siya (may tinatawag tayo na non-taxable income). Wala pa naman nilabas ang BIR na tax-exempt ang kinikita natin sa crypto-related activities.