Income Derived From Playing Cryptocurrency-Based Gaming Platforms Subject To Tax — BIR
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