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Topic: May tax ba ang Cryptocurrency? - page 8. (Read 2866 times)

hero member
Activity: 3052
Merit: 685
September 20, 2019, 05:05:27 PM
Para sa akin, makokonsider ko na ang transaction fee na tax sa cryptocurrency, pero sa ngayon wala pa naman akong nakukuhang impormasyon na may tax ang cryptocurrency at sana hindi ito mangyari kasi halos lahat ng bagay may tax, at dadagdag na naman ito kung mangyayari maraming tao ang magkakapos sa pera.
Hindi naman tayo ang mag didictate kung anong gusto nating tawaging tax, kung tax yan, there is a specific rules on that and there is a guidelines on how to remit your taxes, transaction fee is not a tax, it's considered income on the side of the exchanges which is subject to tax, AFAIK, we are not paying any taxes when using the exchange because they are not authorized as withholding agent.
sr. member
Activity: 812
Merit: 251
September 18, 2019, 09:15:14 AM
Just wondering, ang cryptocurrencies ba ay may tax? Ayon sa Taxation Law ng Pinas, kapag kasi ang isang freelancer ay lumagpas ang kinita sa PHP250,000 sa loob ng isang taon ay may kaukulan na itong tax.

This case might be sensitive pero matanong ko lang, wala pa bang kumatok sa mga bahay sa inyo ayon sa usaping ito? I mean tax evasion.
Share your thoughts and experiences, hirap kasi na parang ilegal tong ginagawa natin dahil wala naman talagang batas ukol dito

Unang -una ang sagot ko ay wala pang tax dito, dahil kung titignan mo hindi naman tayo empleyado dito sa forum na ito. Halos lahat tayo dito ay mga freelancer, siguro yan ang kagandahan ng sistema ng blockchain technology.  At saka tama wala pa sa kasalukuyan na batas ang ating bansa para sa bagay na ito. Saka wag kang mag-alala hindi naman ito ilegal, dahil kung totoo man na ilegal ito sigurado akong hindi ito aaprobahan ng BSP sa aking pananaw at pagkakaintindi.
full member
Activity: 391
Merit: 100
SOL.BIOKRIPT.COM
September 18, 2019, 08:20:54 AM
Para sa akin, makokonsider ko na ang transaction fee na tax sa cryptocurrency, pero sa ngayon wala pa naman akong nakukuhang impormasyon na may tax ang cryptocurrency at sana hindi ito mangyari kasi halos lahat ng bagay may tax, at dadagdag na naman ito kung mangyayari maraming tao ang magkakapos sa pera.
sr. member
Activity: 1316
Merit: 356
September 17, 2019, 07:05:02 AM
Just wondering, ang cryptocurrencies ba ay may tax? Ayon sa Taxation Law ng Pinas, kapag kasi ang isang freelancer ay lumagpas ang kinita sa PHP250,000 sa loob ng isang taon ay may kaukulan na itong tax.

This case might be sensitive pero matanong ko lang, wala pa bang kumatok sa mga bahay sa inyo ayon sa usaping ito? I mean tax evasion.
Share your thoughts and experiences, hirap kasi na parang ilegal tong ginagawa natin dahil wala naman talagang batas ukol dito


Tingin ko depende sayo kung ifi-file mo pero if under ka ng isang crypto company or may employer matic may tax sa payroll pero since karamihan dito is independent i dont think matetrace nila  isa isa pero habang wala pang confirmed tax law sa crypto  hayaan na lang natin at ienjoy mga earnings without deduction of tax diba and by the time na may violation na tyo without knowing, madami naman tayo besides wala nmn tlga declared law in the first place.
Siguro paps matitrace nila yan, sariling opinyon ko lang to. Alam kasi ng coinsph or iba pang local exchanges na kagaya nito kung sino talaga tayo kasi kailangan natin magverify bago makawithdraw so kung ang batas ay makiki-connect sa kanila upang mahanap tayo ay talagang mangyayari yun. Pero I think nung una pa lang alam na yan ng batas kasi pinayagan nila yan, so I think kumuha sila ng tax gamit ang coinsph pwede rin silang magconnect sa coinsph na kukunan agad ng tax kung may pera yung coins natin. Yun lang po masasabi ko.
sr. member
Activity: 630
Merit: 250
September 16, 2019, 11:00:07 PM
so far wala pa naman kumakatok samin or wala pa naman akong narereceive na letter ukol dito.
pero kung malaki naman ang kinikita mo mas mabuti siguro kung mag file ka nalang ng voluntary para maka siguro.
di din naman nila alam kung magkano talaga ang kinikita natin.
jr. member
Activity: 70
Merit: 5
Change Your Worlds Build a New Era!
September 16, 2019, 09:01:33 PM
Just wondering, ang cryptocurrencies ba ay may tax? Ayon sa Taxation Law ng Pinas, kapag kasi ang isang freelancer ay lumagpas ang kinita sa PHP250,000 sa loob ng isang taon ay may kaukulan na itong tax.

This case might be sensitive pero matanong ko lang, wala pa bang kumatok sa mga bahay sa inyo ayon sa usaping ito? I mean tax evasion.
Share your thoughts and experiences, hirap kasi na parang ilegal tong ginagawa natin dahil wala naman talagang batas ukol dito


Tingin ko depende sayo kung ifi-file mo pero if under ka ng isang crypto company or may employer matic may tax sa payroll pero since karamihan dito is independent i dont think matetrace nila  isa isa pero habang wala pang confirmed tax law sa crypto  hayaan na lang natin at ienjoy mga earnings without deduction of tax diba and by the time na may violation na tyo without knowing, madami naman tayo besides wala nmn tlga declared law in the first place.
hero member
Activity: 1120
Merit: 553
Filipino Translator 🇵🇭
September 10, 2019, 04:14:59 AM
Karamihan sa mga transaction na ginagawa natin sa cryptocurrency ay talagang may tax and yes hindi natin siya nararamdaman dahil binabawasan nila tayo kada transaction na siya namang pinapambayad nila bilang tax kaya walang dahilan para magpatax pa sila dahil sa milyon milyong user ng bitcoin sa Pilipinas super laki na nakukuha nila sa atin.
The same as you, I also considered transaction fee as tax din sa cryptocurrency. Pero, just an argument to throw on your walang dahilan para magtax, just so you know napakarami din ang merong trabaho sa Pilipinas. Yun ngang mga may trabaho, natataxan eh. Saka yung foods na nabibili sa market may tax. Ano pa kaya yang millions of users ni bitcoin.
Magkaiba ang tax sa transaction fee na kung saan ay napupunta ang tax sa gobyerno, habang ang transaction fee ay napupunta naman sa mga miners ng Bitcoin. Technically, hindi nila pwedeng taxan ang Bitcoin but rather yung pag-withdraw ng fiat currency na galing sa Bitcoin through local exchange which is sa tingin ko ay malapit na mangyare. If ever ganun man ang mangyayare, may benepisyo at negatibong epekto sa magiging resulta nito.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
September 09, 2019, 09:54:33 PM
Pakiusap, kahit papaano pag-aralan muna yung pagkakaiba ng withholding tax, value added tax, at income tax. Marami pang iba pero kahit yang tatlo lang muna. Magkakaiba kasi ang saklaw ng mga yan pero marami dito sa thread ay pinag-isa o kaya naman ay pinagbali-baliktad na.
For typical person who don't have enough knowledge about different taxes, that's understandable that they only know the world tax and its meaning.
In crypto, we don't know what the type of tax will be impose here because there is no proper guidance yet.

Everyone would love to know if there is but until now, no members yet have shared about the proper tax treatment on our income online.
Until then, maybe we have no choice now but just to enjoy fully what we earn without worrying of tax violation since we are not aware if there's any.
legendary
Activity: 2114
Merit: 1150
https://bitcoincleanup.com/
September 09, 2019, 10:08:58 AM
Pakiusap, kahit papaano pag-aralan muna yung pagkakaiba ng withholding tax, value added tax, at income tax. Marami pang iba pero kahit yang tatlo lang muna. Magkakaiba kasi ang saklaw ng mga yan pero marami dito sa thread ay pinag-isa o kaya naman ay pinagbali-baliktad na.
sr. member
Activity: 840
Merit: 268
September 09, 2019, 09:45:52 AM
Karamihan sa mga transaction na ginagawa natin sa cryptocurrency ay talagang may tax and yes hindi natin siya nararamdaman dahil binabawasan nila tayo kada transaction na siya namang pinapambayad nila bilang tax kaya walang dahilan para magpatax pa sila dahil sa milyon milyong user ng bitcoin sa Pilipinas super laki na nakukuha nila sa atin.
The same as you, I also considered transaction fee as tax din sa cryptocurrency. Pero, just an argument to throw on your walang dahilan para magtax, just so you know napakarami din ang merong trabaho sa Pilipinas. Yun ngang mga may trabaho, natataxan eh. Saka yung foods na nabibili sa market may tax. Ano pa kaya yang millions of users ni bitcoin.
hero member
Activity: 1274
Merit: 513
September 09, 2019, 07:07:02 AM
Just wondering, ang cryptocurrencies ba ay may tax? Ayon sa Taxation Law ng Pinas, kapag kasi ang isang freelancer ay lumagpas ang kinita sa PHP250,000 sa loob ng isang taon ay may kaukulan na itong tax.

This case might be sensitive pero matanong ko lang, wala pa bang kumatok sa mga bahay sa inyo ayon sa usaping ito? I mean tax evasion.
Share your thoughts and experiences, hirap kasi na parang ilegal tong ginagawa natin dahil wala naman talagang batas ukol dito
First of all, hindi pa naman lumalagpas ang kinita ko dito sa 200K. In fact, nasa 150K lang ang kinita ko last year (whole year na yan). Another thing, there is no valid law or bill stated yet na mayroong direct tax ang freelancers (as I remember when I had read about taxes). Actually, we can say that we are all paying tax eh, indirect tax nga lang. Ito yung pagbabayad natin ng tax through withdrawal in any remittances. But direct tax only applies for those who have monthly salary atleast 20K. Imagine, hindi naman tayo kumikita talaga ng 20K every month.
Karamihan sa mga transaction na ginagawa natin sa cryptocurrency ay talagang may tax and yes hindi natin siya nararamdaman dahil binabawasan nila tayo kada transaction na siya namang pinapambayad nila bilang tax kaya walang dahilan para magpatax pa sila dahil sa milyon milyong user ng bitcoin sa Pilipinas super laki na nakukuha nila sa atin.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
September 09, 2019, 06:49:28 AM
Just wondering, ang cryptocurrencies ba ay may tax? Ayon sa Taxation Law ng Pinas, kapag kasi ang isang freelancer ay lumagpas ang kinita sa PHP250,000 sa loob ng isang taon ay may kaukulan na itong tax.

This case might be sensitive pero matanong ko lang, wala pa bang kumatok sa mga bahay sa inyo ayon sa usaping ito? I mean tax evasion.
Share your thoughts and experiences, hirap kasi na parang ilegal tong ginagawa natin dahil wala naman talagang batas ukol dito
First of all, hindi pa naman lumalagpas ang kinita ko dito sa 200K. In fact, nasa 150K lang ang kinita ko last year (whole year na yan). Another thing, there is no valid law or bill stated yet na mayroong direct tax ang freelancers (as I remember when I had read about taxes). Actually, we can say that we are all paying tax eh, indirect tax nga lang. Ito yung pagbabayad natin ng tax through withdrawal in any remittances. But direct tax only applies for those who have monthly salary atleast 20K. Imagine, hindi naman tayo kumikita talaga ng 20K every month.
Those are income tax from salary, and what we earn in the forum is not considered as salary, therefore it's not covered by the rules and regulation under the salary income tax.

With regards to taxes when withdrawing our money through remittance, I don't think we are paying taxes on that, it's just a charge that we are paying.
IMO, if we are unemployed and we don't have business on our own, and we just rely on what we are making online, the tax that we are only paying are the VAT which is already included every time we purchase a product or pay for services.
I agree, just like what I am saying there is no yet a law discussing about the tax of freelancer. Maybe soon, but regarding with our payment sir in the remittances we can consider it also as a tax since it is a burden to us. We can call it as indirect tax or VAT because we pay for their services. Therefore, we are paying tax pa din. Indirect nga lang po.
In every business that is profit oriented, they always charge us since that is the lifeblood of their business, if they won't charge us, they will just operate for free and who will take care of their operating expenses. We should not be mislead between charges and tax because they are different, and I believe there is no such thing as indirect tax because it is specified every time we pay for something, if that is not specified, we called that hidden charges, not taxes or whatsoever. 

full member
Activity: 868
Merit: 185
Roobet supporter and player!
September 09, 2019, 03:41:16 AM
Just wondering, ang cryptocurrencies ba ay may tax? Ayon sa Taxation Law ng Pinas, kapag kasi ang isang freelancer ay lumagpas ang kinita sa PHP250,000 sa loob ng isang taon ay may kaukulan na itong tax.

This case might be sensitive pero matanong ko lang, wala pa bang kumatok sa mga bahay sa inyo ayon sa usaping ito? I mean tax evasion.
Share your thoughts and experiences, hirap kasi na parang ilegal tong ginagawa natin dahil wala naman talagang batas ukol dito
First of all, hindi pa naman lumalagpas ang kinita ko dito sa 200K. In fact, nasa 150K lang ang kinita ko last year (whole year na yan). Another thing, there is no valid law or bill stated yet na mayroong direct tax ang freelancers (as I remember when I had read about taxes). Actually, we can say that we are all paying tax eh, indirect tax nga lang. Ito yung pagbabayad natin ng tax through withdrawal in any remittances. But direct tax only applies for those who have monthly salary atleast 20K. Imagine, hindi naman tayo kumikita talaga ng 20K every month.
Those are income tax from salary, and what we earn in the forum is not considered as salary, therefore it's not covered by the rules and regulation under the salary income tax.

With regards to taxes when withdrawing our money through remittance, I don't think we are paying taxes on that, it's just a charge that we are paying.
IMO, if we are unemployed and we don't have business on our own, and we just rely on what we are making online, the tax that we are only paying are the VAT which is already included every time we purchase a product or pay for services.
I agree, just like what I am saying there is no yet a law discussing about the tax of freelancer. Maybe soon, but regarding with our payment sir in the remittances we can consider it also as a tax since it is a burden to us. We can call it as indirect tax or VAT because we pay for their services. Therefore, we are paying tax pa din. Indirect nga lang po.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
September 09, 2019, 03:06:50 AM
Just wondering, ang cryptocurrencies ba ay may tax? Ayon sa Taxation Law ng Pinas, kapag kasi ang isang freelancer ay lumagpas ang kinita sa PHP250,000 sa loob ng isang taon ay may kaukulan na itong tax.

This case might be sensitive pero matanong ko lang, wala pa bang kumatok sa mga bahay sa inyo ayon sa usaping ito? I mean tax evasion.
Share your thoughts and experiences, hirap kasi na parang ilegal tong ginagawa natin dahil wala naman talagang batas ukol dito
First of all, hindi pa naman lumalagpas ang kinita ko dito sa 200K. In fact, nasa 150K lang ang kinita ko last year (whole year na yan). Another thing, there is no valid law or bill stated yet na mayroong direct tax ang freelancers (as I remember when I had read about taxes). Actually, we can say that we are all paying tax eh, indirect tax nga lang. Ito yung pagbabayad natin ng tax through withdrawal in any remittances. But direct tax only applies for those who have monthly salary atleast 20K. Imagine, hindi naman tayo kumikita talaga ng 20K every month.
Those are income tax from salary, and what we earn in the forum is not considered as salary, therefore it's not covered by the rules and regulation under the salary income tax.

With regards to taxes when withdrawing our money through remittance, I don't think we are paying taxes on that, it's just a charge that we are paying.
IMO, if we are unemployed and we don't have business on our own, and we just rely on what we are making online, the tax that we are only paying are the VAT which is already included every time we purchase a product or pay for services.
full member
Activity: 868
Merit: 185
Roobet supporter and player!
September 08, 2019, 06:48:25 PM
Just wondering, ang cryptocurrencies ba ay may tax? Ayon sa Taxation Law ng Pinas, kapag kasi ang isang freelancer ay lumagpas ang kinita sa PHP250,000 sa loob ng isang taon ay may kaukulan na itong tax.

This case might be sensitive pero matanong ko lang, wala pa bang kumatok sa mga bahay sa inyo ayon sa usaping ito? I mean tax evasion.
Share your thoughts and experiences, hirap kasi na parang ilegal tong ginagawa natin dahil wala naman talagang batas ukol dito
First of all, hindi pa naman lumalagpas ang kinita ko dito sa 200K. In fact, nasa 150K lang ang kinita ko last year (whole year na yan). Another thing, there is no valid law or bill stated yet na mayroong direct tax ang freelancers (as I remember when I had read about taxes). Actually, we can say that we are all paying tax eh, indirect tax nga lang. Ito yung pagbabayad natin ng tax through withdrawal in any remittances. But direct tax only applies for those who have monthly salary atleast 20K. Imagine, hindi naman tayo kumikita talaga ng 20K every month.
sr. member
Activity: 1274
Merit: 263
September 08, 2019, 08:55:07 AM
Just think nlng na bawat binibili natin ay may kaukulang tax in that way nakakapag participate pa din naman tayo sa gobyerno, halos lahat ng kilos natin ngayon ay napapatawan tayo ng tax for example tubig, kuryente etc.
Halos lahat naman ay nakatax eh kaya sigurado ako kahit tayo sa coins.ph ay nakakapagbayad ng tax dahil user tayo nito na kung saan sila mismo ang nagbabayad ng tax mula sa kinikita nila mula sa atin. Hindi nakapagtataka if soon iimplement na talaga nila ang kada user ay magbabayad ng tax pero dapat kaunti lang at hinfi mabigat sa bulsa at depende sa income per month or per year ang bayaran pero ngayon hindi ko pa naaninag ang ganyang sitwasyon.
member
Activity: 111
Merit: 10
September 07, 2019, 09:24:00 PM
Just think nlng na bawat binibili natin ay may kaukulang tax in that way nakakapag participate pa din naman tayo sa gobyerno, halos lahat ng kilos natin ngayon ay napapatawan tayo ng tax for example tubig, kuryente etc.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
September 05, 2019, 06:03:07 AM
According po sa batas natin, hindi po taxable ang bitcoin pero kapag ito ay nakuha mo sa pamamagitan ng mining, pwede siyang under ng 'other income' which falls on taxable goods. Pero kapag nakakuha ka ng bitcoin via campaign signatures, payment services, or any services rendered, hindi po siya mabibigyan ng kahit anong tax.
I would appreciate if you could share a the law you are talking about[/b] that campaign income are not taxable

I second what @mirakal have said, please share the link or whatever sources of what you have said

Oo nga, kung meron mang batas na nagsasabing hindi taxable paki-site naman dito or kung anong article man yung pinagbasehan mo. Alam ko there was a bill before tungkol sa cryptocurrencies pero mukhang hindi din naipasa kaya I am curious as well kung anong batas yung tinutukoy mo.

qwertyup23 hasn't replied on his statement here, so I will assume that he doesn't know what he is talking, tax issue is a serious matter, we should not say anything without a valid basis, so it will not mislead the readers. I'm one of the most excited when reading his post about bitcoin income not taxable in the Philippines, but until there's no proof on that, it's just a plain statement without truth.
sr. member
Activity: 1274
Merit: 263
August 30, 2019, 06:55:26 PM
Ang magpapataw siguro ng tax kalaunan eh ang mga kumpanyang tumatanggap ng crypto gaya ng coins.ph saka abra saka ibang kumpanya. Wala pa yata laws ang bansa about or how to handle cryptos. Kaya sa tingin ko wala pa dapat ikabahala. Kung meron man maliit rin siguro yun.
Sa ngayon maaaari wala tayong ikabahala dahil sa tax pero malay natin in the future mayroon na yan dahil ang BIR gagawa at gagawa yan ng paraan para makakuha ng tax mula sa atin pero dahil nagbabayad ang coins.ph ng mga permit nila at mga kung ano ano pa covered na rin siguro tayo nila dahil ginagamit natin ang service nila at kads transaction ay nakakakuha sila sa atin.
legendary
Activity: 2114
Merit: 1150
https://bitcoincleanup.com/
August 30, 2019, 09:25:42 AM
According po sa batas natin, hindi po taxable ang bitcoin pero kapag ito ay nakuha mo sa pamamagitan ng mining, pwede siyang under ng 'other income' which falls on taxable goods. Pero kapag nakakuha ka ng bitcoin via campaign signatures, payment services, or any services rendered, hindi po siya mabibigyan ng kahit anong tax.
I would appreciate if you could share a the law you are talking about[/b] that campaign income are not taxable

I second what @mirakal have said, please share the link or whatever sources of what you have said

Oo nga, kung meron mang batas na nagsasabing hindi taxable paki-site naman dito or kung anong article man yung pinagbasehan mo. Alam ko there was a bill before tungkol sa cryptocurrencies pero mukhang hindi din naipasa kaya I am curious as well kung anong batas yung tinutukoy mo.
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