Income derived from playing cryptocurrency-based gaming platforms were subject to tax, according to BIR. On Tuesday, the Bureau of Internal Revenue (BIR) said that income derived from playing cryptocurrency-based gaming platforms, such as “Axie Infinity”, were subject to payment of income taxes. During the “Laging Handa” briefing, BIR Deputy Commissioner for Legal Group Marissa Cabreros … Read more
Sky Mavis or Axie Infinity was “not registered” with SEC Popular online play-to-earn game “Axie Infinity” or game developer Sky Mavis wasn’t registered as a corporation with the Securities and Exchange Commission (SEC) nor did it have a license to trade or sell securities in the Philippines. The Securities and Exchange Commission informed Business Bulletin … Read more
Bong Go: “Bakuna muna bago pulitika.” BONG GO – The incumbent senator is “still not interested” in running for president in the upcoming 2022 elections. Earlier, PDP-Laban endorsed Go to be the party’s standard-bearer in next year’s poll. PDP-Laban, headed by Energy Secretary Alfonso Cusi endorsed Go through a resolution alongside President Rodrigo Duterte as … Read more
Woman safely delivered her baby thanks to MMDA vaccination facility A pregnant woman gave birth at a vaccination facility in Makai City on Monday, August 23. According to Metropolitan Manila Development Authority (MMDA), the husband of the 26-year-old woman rushed to their main headquarters asking for help. It was around 5:27 p.m. when the woman … Read more
Instagram will reportedly replace the “swipe up” gesture with a new link sticker to access the link. Instagram will reportedly replace the usual “swipe up” gesture with a new link sticker in order to visit external webpages. Instagram had started to notify users that the “swipe up” gesture to access external links was going away … Read more
According to the BIR, the couple earned PHP 50M-100M from vlogging and deleted their channel to avoid paying taxes. According to the Bureau of Internal Revenue (BIR), a couple, who reportedly raked in multi-million pesos from vlogging, abruptly deleted their channel in what the BIR officials believed to be an attempt to avoid paying taxes. … Read more
PH Government Awards Hidilyn Diaz, 3 Other Filipino Winners in Tokyo Olympics HIDILYN DIAZ – The Olympics winners who bagged medals for the Philippines received incentives and awards from the national government. The Philippines was victorious in the recent Olympics that was held in Tokyo. Four (4) of the Filipino athletes bagged medals in their … Read more
Xiaomi reportedly confirmed the discontinuation of the “Mi” branding. Xiaomi reportedly confirmed the discontinuation of the “Mi” branding as the company won’t be using it moving forward. Xiaomi launched Xiaomi MIX 4 a few weeks ago and the usual “Mi” branding on MIX 4 didn’t appear. According to a statement issued to XDA-Developers, the discontinuation … Read more
The FDA granted full approval to the Pfizer-BioNTech COVID-19 vaccine in the US. On Monday, the US Food and Drug Administration (FDA) granted full approval to the Pfizer-BioNTech COVID-19 vaccine that had earned emergency use authorization (EUA) last December, making it the first COVID-19 vaccine to secure such FDA validation as health authorities struggled to … Read more
Earnings from online play-to-earn games subject to tax, according to DOF The Department of Finance (DOF) said that earnings from online play-to-earn games, such as Axie Infinity, were subject to tax. With the rise of the play-to-earn phenomenon, NFT gaming guilds and associations have cropped up around the world in order to educate people and … Read more