May tax ba ang Cryptocurrency? - page 11.

alisafidel58

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Quote from: r1a2y3m4 on March 27, 2019, 10:44:24 AM

Sir, you registered August 22, 2014. Since then that time may mga bounties na magaganda tayo sa forum na to. Just like my friends siguro na nauna sakin sa forum na ito, kumita ka na nang malaking pera, let's say na 200k+. Natax-san ka ba sir? Kasi sila, hindi na tax-san sa kinita nila.

Few ways how to evade taxes (I'm not saying I did it).

1. Don't put all your cryptocurrency into coins.ph.

2. Find a person who can trade your crypto into cash. It's fairly easy nowadays.

r1a2y3m4

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Activity: 504

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Match365> be a part of 150BTC inviting bonus

Quote from: pinoycash on March 15, 2019, 10:52:25 AM

Quote from: ?? on ??

Ang pagwowork online ay walang tax ditto sa ating bansa. And it's good to say na wala talaga kaya maganda talaga yung pagwowork online or by trading. Ang tax nga lang naten ay yung fees sa mga transaction.

Do you have a source to backup your post?

As far as i know, All income above 250,000 PHP whether from Online or Offline traditional job are taxable.

Who are Required to File Income Tax Returns?

Individuals = This is us!
Resident citizens receiving income from sources within or outside the Philippines.

Sources: https://www.bir.gov.ph/index.php/tax-information/income-tax.html

Sir, you registered August 22, 2014. Since then that time may mga bounties na magaganda tayo sa forum na to. Just like my friends siguro na nauna sakin sa forum na ito, kumita ka na nang malaking pera, let's say na 200k+. Natax-san ka ba sir? Kasi sila, hindi na tax-san sa kinita nila.

spadormie

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Activity: 840

Merit: 268

Quote from: pinoycash on March 27, 2019, 09:55:42 AM

All income is taxable yan po ang laging tatandaan, Mahina lang ang eforcement ng BIR kaya nakakalusot pa tayu sa hindi pagbabayad ng income tax from crypto income.

True. All income is taxable. Pero I have a question pinoycash. Are we evading taxes? Or isn't it the government's fault for them not to tax us because they don't have the knowledge on what we're doing in this forum? Magulo pa yun sa isipan ko tungkol dyan eh. Sa tingin ko, mali din yung kumkita tayo online pero wala tayong tax, and may kaso yun eh.

r1a2y3m4

full member

Activity: 504

Merit: 127

Match365> be a part of 150BTC inviting bonus

Quote from: alisafidel58 on March 15, 2019, 11:16:35 AM

Quote from: ?? on ??

Ang pagwowork online ay walang tax ditto sa ating bansa. And it's good to say na wala talaga kaya maganda talaga yung pagwowork online or by trading. Ang tax nga lang naten ay yung fees sa mga transaction.

This one made me laugh so much.

English Dictionary 101.

1. Tax = A tax is a mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.

2. Fee = A fee is the price one pays as remuneration for rights or services.

Therefor "Tax" and "Fee" are different, im not underestimating you but please do some research before you post.

A transaction fee that you pay for every single transaction that you did goes through the miners. Its not a tax that our government impose to us.

I didn't say na tax natin yung mga fee sa mga transactions. I'm sorry for not choosing my words carefully. I know the difference between tax and fees. I just chose my words not carefully, I meant on that was yung fees natin sa transactions yun yung parang nagiging tax natin sa cryptocurrency. Pero, thanks for the concern. At least nacocorrect ko yung mistakes ko.

pinoycash

hero member

Activity: 1316

Merit: 514

Quote from: sergiokkl on March 27, 2019, 05:02:27 AM

Sa pagkakaalam ko wlaa naman tayong tax pag dating sa crypto currency, hindi pa naman ganon ka laganap abg bitcoin at iilang outlet lang din or branch na maari nating ma withdraw ang btc. Sa ngayun wlaa pa dahil kung iisipin di naman to work sa gobyerno at ang pera na nakukuha natin ay galing naman sa ibang bansa. At mailalagay ito sa wallet at ang wallet na iyon ay may sariling pagpapalakad sa nga fees. So labas na taxes don. Just thinking lang naman

All income is taxable yan po ang laging tatandaan, Mahina lang ang eforcement ng BIR kaya nakakalusot pa tayu sa hindi pagbabayad ng income tax from crypto income.

And isa pa sa dahilan is yung lack of information about sa stance ng BIR about Cryptocurrencies until today hindi pa rin xa consider as a currency or digital money sa pinas at mode of remittance palang ang common use sa ngayun.

Dhanems

jr. member

Activity: 448

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Sq pagkakaintindi ko,ang online transaction ay maari din tayong nagbabayad Ng tax,dahil LAHAT Naman Ng transaction Natin is may Blockchain fee or miners fee..parang ganun Lang din pagkakaintindi ko ha.kaibahan lng Ng tax Natin d2 ay Hindi mapupunta sa gobyerno ang pinangbayad Natin sa Blockchain transaction fee.kung Di dun sa mga miners Natin.

alisafidel58

full member

Activity: 364

Merit: 127

Quote from: sergiokkl on March 27, 2019, 05:02:27 AM

Sa pagkakaalam ko wlaa naman tayong tax pag dating sa crypto currency, hindi pa naman ganon ka laganap abg bitcoin at iilang outlet lang din or branch na maari nating ma withdraw ang btc. Sa ngayun wlaa pa dahil kung iisipin di naman to work sa gobyerno at ang pera na nakukuha natin ay galing naman sa ibang bansa. At mailalagay ito sa wallet at ang wallet na iyon ay may sariling pagpapalakad sa nga fees. So labas na taxes don. Just thinking lang naman

When you manage to hit your limit in coins.ph then you will surely understand everything.

sergiokkl

member

Activity: 258

Merit: 10

Sa pagkakaalam ko wlaa naman tayong tax pag dating sa crypto currency, hindi pa naman ganon ka laganap abg bitcoin at iilang outlet lang din or branch na maari nating ma withdraw ang btc. Sa ngayun wlaa pa dahil kung iisipin di naman to work sa gobyerno at ang pera na nakukuha natin ay galing naman sa ibang bansa. At mailalagay ito sa wallet at ang wallet na iyon ay may sariling pagpapalakad sa nga fees. So labas na taxes don. Just thinking lang naman

pinoycash

hero member

Activity: 1316

Merit: 514

Quote from: mirakal on March 26, 2019, 03:16:04 AM

It's not necessary that they will pass it to the government, but we have our date stored in their system, so in case there's an investigation, it's easy for them to get our data. I believe coins.ph is under and supervise by BSP, so they are required to comply with the AMLC reporting as well.

Anything above 500k transaction they need to report to AML, yan ang reason kung bakit hanggang 400k lang max daily ng level 3. tapos ang custom level na full bussiness verification na yan kaya mataas ang limit.

mirakal

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Leading Crypto Sports Betting & Casino Platform

Quote from: Lassie on March 25, 2019, 10:26:28 PM

Quote from: Dayan1 on March 25, 2019, 07:47:40 PM

Wala siguro tayung tax, diba may may pag ka anonymous ang identity natin sa crypto world and if ever nanmman na kumita tayu ng malaki tas lagay natin sa coins.ph nakalagay naman dun halimbawa allowance mo monthly di naman yan pwedeng kunan ng tax eh. Mahirap yan ma trace kung sino nga dapat patawan ng tax.

dahil sa extra verification ni coins.ph magiging posible na matrace yung income nung mga malalaki ang kita dito satin kasi nakarecord na kay coins.ph yung mga source of income natin so possible na pinapasa yun sa government pero not sure

It's not necessary that they will pass it to the government, but we have our date stored in their system, so in case there's an investigation, it's easy for them to get our data. I believe coins.ph is under and supervise by BSP, so they are required to comply with the AMLC reporting as well.

alisafidel58

full member

Activity: 364

Merit: 127

Quote from: Astvile on March 26, 2019, 01:57:44 AM

Di ko ramdam yung tax kasi wala naman talagang tax sa bitcoin, ang nagsisilbing tax lang satin ay yung sa tuwing nagsesend tayo ng bitcoin ay may fees.Yun na yung mismong tax na sa tingin ko bumubuhay sa blockchain.Other than that wala naman na sigurong tax most on fees lang talaga

Sir kindly read this. So that you would know what you are talking about.

Astvile

sr. member

Activity: 1484

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Di ko ramdam yung tax kasi wala naman talagang tax sa bitcoin, ang nagsisilbing tax lang satin ay yung sa tuwing nagsesend tayo ng bitcoin ay may fees.Yun na yung mismong tax na sa tingin ko bumubuhay sa blockchain.Other than that wala naman na sigurong tax most on fees lang talaga

Lassie

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bounty manager? contact me: https://bit.ly/2skHgzN

Quote from: Dayan1 on March 25, 2019, 07:47:40 PM

Wala siguro tayung tax, diba may may pag ka anonymous ang identity natin sa crypto world and if ever nanmman na kumita tayu ng malaki tas lagay natin sa coins.ph nakalagay naman dun halimbawa allowance mo monthly di naman yan pwedeng kunan ng tax eh. Mahirap yan ma trace kung sino nga dapat patawan ng tax.

dahil sa extra verification ni coins.ph magiging posible na matrace yung income nung mga malalaki ang kita dito satin kasi nakarecord na kay coins.ph yung mga source of income natin so possible na pinapasa yun sa government pero not sure

Carrelmae10

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Activity: 588

Merit: 10

..wala namang ilegal sa ginagawa natin..tyaka hindi pa fully recognize na asset ang Bitcoin..not unless dineclare mo sa SALN (Statement of Assets and Liabilities) mo yung mga naipundar mo using crypto and Bitcoin,,tas nagdeclare ka na ang annual salary mo is more than a million,then hindi ka nagbabayad ng tax,,dun ka makakasuhan ng tax evasion..kung tutuusin,,maswerte nga tayong mga pilipino kasi hindi pa ganun kahigpit ang gobyerno natin pagdating sa crypto holdings natin,,kaya malaya pa tayong itago ang kinikita natin sa gobyerno,,but if it will come to time na madeclare na legal ang crypto sating bansa at kailangan nang magbayad ng tax ang mga kumikita dito,,then,,that is the time na obligue na tayong magbayad ng tax natin sa mga crypto holdings natin..

Dayan1

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All-in-One Crypto Payment Solution

Wala siguro tayung tax, diba may may pag ka anonymous ang identity natin sa crypto world and if ever nanmman na kumita tayu ng malaki tas lagay natin sa coins.ph nakalagay naman dun halimbawa allowance mo monthly di naman yan pwedeng kunan ng tax eh. Mahirap yan ma trace kung sino nga dapat patawan ng tax.

mirakal

legendary

Activity: 3108

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Leading Crypto Sports Betting & Casino Platform

Quote from: alisafidel58 on March 15, 2019, 11:16:35 AM

~snip~

Correct tax, is different and in crypto, I believe this is not going to be a fixed tax.
It could be like an income tax and we will have a bracket for the amount of income we will earn and with corresponding tax.

We don't have to worry about taxes as it's not imposed yet or no proper guidelines for this, and maybe income in trading has tax but
I'm just wondering how the income from bounty or signature campaign be treated in taxation.

lyks15

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Activity: 546

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Sa ngayon wala pa pang tax ang cryptocurrency dahil hindi pa naayos ang batas ukol dito. Pero kung iisipin napapatawan na ng malaking tax ang crypto ngayon dahil lahat ng proseso para makapagtransact gamit ang crypto ay may tax kaya apektado tayong gumagamit ng crypto. At sa palagay ko matatagalan pa bago ang regularisasyon at legalisasyon ng crypto dito sa ating bansa dahil maraming proseso ang pagdadaanan nito.

pinoyden

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Meron ako news na nadinig about sa online job . siguro meron na silang rules about taxing pero di siguro included ang crypto related jobs dito kase di naman regulated ang crypto . ang applicable lang siguro dito ay yung mga nasa free lancing jobs or yung mga online teaching jobs . uso din kase yun ngayon . pero tingin ko pag mag gagamit tayo ng local exchange like coins.ph meron sila tax na charge aside from the fees kase regulated yung mga cash out options na ginagamit doon

alisafidel58

full member

Activity: 364

Merit: 127

Quote from: ?? on ??

Ang pagwowork online ay walang tax ditto sa ating bansa. And it's good to say na wala talaga kaya maganda talaga yung pagwowork online or by trading. Ang tax nga lang naten ay yung fees sa mga transaction.

This one made me laugh so much.

English Dictionary 101.

1. Tax = A tax is a mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.

2. Fee = A fee is the price one pays as remuneration for rights or services.

Therefor "Tax" and "Fee" are different, im not underestimating you but please do some research before you post.

A transaction fee that you pay for every single transaction that you did goes through the miners. Its not a tax that our government impose to us.

pinoycash

hero member

Activity: 1316

Merit: 514

Quote from: ?? on ??

Ang pagwowork online ay walang tax ditto sa ating bansa. And it's good to say na wala talaga kaya maganda talaga yung pagwowork online or by trading. Ang tax nga lang naten ay yung fees sa mga transaction.

Do you have a source to backup your post?

As far as i know, All income above 250,000 PHP whether from Online or Offline traditional job are taxable.

Who are Required to File Income Tax Returns?

Individuals = This is us!
Resident citizens receiving income from sources within or outside the Philippines.

Sources: https://www.bir.gov.ph/index.php/tax-information/income-tax.html

Topic: May tax ba ang Cryptocurrency? - page 11. (Read 2866 times)