Philippine regulator tells Axie Infinity players they have to pay taxes on gaming revenue
Amid the huge success of the crypto-powered game Axie Infinity in the Philippines, the local Ministry of Finance has made it clear that it wants a reduction in the profits generated by playing Axie and others. play to win Games.
An Aug 23 report from Inquirer cited Philippine Undersecretary of Finance Antonette Tionko said all profits gleaned from gambling to win are subject to income tax.
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