Quote from: Lorence.xD on Today at 05:15:50 AM

Kung gusto mo ipasok yung earnings mo sa crypto why not try UnionBank, open sila sa mga crypto related na mga earnings unlike sa other banks na once na malaman na money sources mo ay crypto, di ka nila papayagan. Tagal ng issue yung BIR balak lagyan ng tax yung mga crypto related na pera tulad nalang nung sa Axie na nabalita, pero wala naman sila nagawa kasi decentralized yon. Pero kung ipapasok mo yan sa mga centralized tulad ng banks ququestionin talaga nila yan. So far wala pa namang ganyang scenario, siguro fees palang from p2p tulad nalang from coins tas ipapasok mo sa gcash syempre may transactions fees yon.

Siguro nga kung hindi mo ipapasok sa kahit anong financial institution yung pera mo tulad ng mga banko ay panigorado na wala kang huli sa taxation pero mahihirapan ka siguro ilabas crypto mo kung puro P2P na walang financial institution.

Quote from: mirakal on Today at 02:56:00 AM

Only a BIR memorandum can back up what they're saying. Without that memo, it's just speculation or fake news. They should attach something that readers can verify because tax stuff is no joke. Missing it, whether on purpose or not, can get you in some real trouble, even landing you in jail.

Mukhang malabo na makonsider sa Income Tax ang crypto at mas lean on sa Capital Gain tax dahil considered as digital asset ang crypto katulad ng stocks.

Pero tama nga dahil most of us here are not reporting taxes on our crypto earnings, what could possibly the repercussions of not doing so? Or worse what if someone reported us just like the tiktok shown? https://vt.tiktok.com/ZSNrhPdhB/