Taxes will have to be paid. Kunin lang yung peso equivalent, and yun ang bayarin mo sa BIR o kung ano, syempre meron deed of sale, at kung ano ano pa pirmahan na documento. Bitcoin, in this case, just becomes a medium of exchange.
Usually and palusot naman sa mga ganyan is medyo under declared ang actual value ng lupa, pero hindi sobrang baba na garapalan na. Magbabayad parin ng taxes at kung ano pa kailangan. The payment between the buyer and the seller, sila na naguusap nyan.
Kung bitcoin, most likely, yung buyer meron din pesos, the government fees and taxes portion paid in pesos. The bulk of the payment between buyer and seller, pwede na bitcoin. Ang tanong kung installment ba, o kung lump sum. Wala naman kasi smart contract na installment sa bitcoin, ibig sabihin, parang lay-away, o buo rin ang bayad ng buyer sa seller. Or meron sila usapan, but instead of post-dated checks, eh, bitcoin payment every month.
1 BTC per month for 8 years, or probably equivalent Philippine pesos converted to BTC. Kung ganun din naman, eh, pesos na lahat kasi bibilin pa sa exchange every month, unless meron sya other bitcoin income.
Usually and palusot naman sa mga ganyan is medyo under declared ang actual value ng lupa, pero hindi sobrang baba na garapalan na. Magbabayad parin ng taxes at kung ano pa kailangan. The payment between the buyer and the seller, sila na naguusap nyan.
Kung bitcoin, most likely, yung buyer meron din pesos, the government fees and taxes portion paid in pesos. The bulk of the payment between buyer and seller, pwede na bitcoin. Ang tanong kung installment ba, o kung lump sum. Wala naman kasi smart contract na installment sa bitcoin, ibig sabihin, parang lay-away, o buo rin ang bayad ng buyer sa seller. Or meron sila usapan, but instead of post-dated checks, eh, bitcoin payment every month.
1 BTC per month for 8 years, or probably equivalent Philippine pesos converted to BTC. Kung ganun din naman, eh, pesos na lahat kasi bibilin pa sa exchange every month, unless meron sya other bitcoin income.
Thank you for the insightful reply.
Most transactions approximate the zonal value of the land. But in the case for corporations, it may be a different matter. The corporation owns the land. Hence, the transfers would be through the shares of stock. I need to do more research on this, but I really appreciate the good reply. Maraming salamat po!
**Edit: Lamudi has reinstated my listing - they wanted to do an interview before, but that was before BTC experienced a correction related to the Status ICO. I told them that the price was too volatile, making it infeasible. If you are interested this is the link again[/url]. But if they really want to interview me, I told them, give me some time to borrow some funds so that I can renovate. It's a fixer upper.
