Quote from: Question123 on August 20, 2019, 09:43:58 PM

Kung sa mga mataas ang kita maaari pero kung tayo na maliliit lang ang kinikita gaya ko siguro dapat super liit lang if ever na magkaroon ng tax dito sa Pilipinas. Pero hindi pa ba sapat ang mga tax na binabayaran ng mga company na gumagamit ng bitcoin siguro naman like coins.ph ay may tax or permit silang binabayaran at doon pa lang ay okay na at hindi na sila maghahabol.

Hopefully they will not anymore go after our earning in crypto because every time we cash out our income to php we pay for the big charges, it's coins.ph that are making a lot of money from us, so the government should increase their tax on them.

It's very complicated for us to report our income in crypto as the value fluctuates, I'm thinking of a tax like "VAT" format where every time we spend we are already paying a tax on it, so same with cashing out in local exchange, they charge us, that should be our tax, or maybe if the government are still not satisfied, they just add a tax during conversion so we don't have to report individually.