How is cryptocurrency taxed in Philippines?

Philippines applies a mixed crypto-tax regime — gains can be treated as capital gains or as income depending on how you hold and use the assets.

“Gains arising from the sale or exchange of cryptocurrency are subject to income tax under the National Internal Revenue Code. When the taxpayer is engaged in the regular conduct of trade or business involving cryptocurrency, the gains shall be treated as business income; otherwise, gains may be treated as capital gains or other income, as the case may be.”

This reflects guidance from Bureau of Internal Revenue (BIR), as of 2022-12-01.

See the full Philippines crypto policy profile for legal status, VASP licensing, stablecoin rules and more — or compare Philippines with another country. New to the categories? Read how crypto is taxed, explained.

Data basis: Bureau of Internal Revenue (BIR), as of 2022-12-01