Philippine Regulator Tells Axie Infinity Players They Must Pay Tax On Gaming Revenue By Cointelegraph


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.

SLP / USD: CoinGecko

Continue reading on Coin Telegraph

Disclaimer: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. Therefore, the prices may not be exact and may differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, charts and buy / sell signals contained on this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.


About Author

Leave A Reply