12% VAT! Heres the Full List of Digital Services Now Taxed in the PH

Find out which digital platforms will face a 12% VAT under R.A. 12023and which services the BIR says are safe from the tax hike.

View Details

Recto: Finance Department Withdraws GROWTH Bill

Finance Secretary Recto withdrew the GROWTH Bill proposal to increase taxes, citing stronger-than-expected tax collections in the first quarter of 2025.

View Details

Recto Pushes Tax Hike on Capital Gains; Salceda Warns of Capital Flight

The Philippine DOF plans to raise capital gains, donor, and estate taxes from 6% to 10% under the Growth Bill, aiming to generate 300 billion. Rep. Salceda warns the move may trigger capital flight and hurt the middle class.

View Details

Recto: Dept. of Finance, SEC to Coordinate to Draft Crypto Guidelines

DOF and SEC to develop stringent guidelines for regulating cryptocurrency registration and trading in the Philippines, prioritizing caution and viability amidst prevalent scams.

View Details

Diokno: There’s No Question That Blockchain Is Superior

DOF Chief Benjamin Diokno emphasized that the blockchain is undoubtedly superior technology.

The post Diokno: There’s No Question That Blockchain Is Superior appeared first on BitPinas.

View Details

Finance Chief Diokno: This is Not the Right Time for CBDCs

Finance Secretary Diokno stressed the country should improve PESONet and InstaPay first before doing CBDCs.

The post Finance Chief Diokno: This is Not the Right Time for CBDCs appeared first on BitPinas.

View Details

Incoming DOF Chief Disagrees on Proposed Tax Reforms Which Include Crypto, Digital Goods

Diokno noted that the DOF must focus mainly on the government’s tax administration during the first year of President-elect Ferdinand R. Marcos Jr.

The post Incoming DOF Chief Disagrees on Proposed Tax Reforms Which Include Crypto, Digital Goods appeared first on BitPinas.

View Details

Department of Finance: Axie Infinity Creator Off to a Good Start

The Department of Finance (DOF) Secretary Carlos G. Dominguez III said that Sky Mavis, the Vietnamese company of Axie Infinity, has gotten off to a “good start” after it encouraged its players to abide by the laws of their respective countries.

The post Department of Finance: Axie Infinity Creator Off to a Good Start appeared first on BitPinas.

View Details

BIR, DOF are Looking Into Axie Infinity, Earnings are Taxable says Finance Undersecretary

An independent estimation reveals that Php 2 billion was remitted to the Philippines last July via earnings by Filipinos playing Axie Infinity.

The post BIR, DOF are Looking Into Axie Infinity, Earnings are Taxable says Finance Undersecretary appeared first on BitPinas.

View Details

Finance Chief Claims Pinoys Have Invested 6 Trillion Into Crypto

Sec. Recto's 6 trillion crypto investment data clashes with third-party data showing shrinking inflows.

View Details

FTX adviser AlixPartners boosts crypto tracing with Chainalysis

Crypto and DeFi fraud schemes have a lot in common with loan schemes and market manipulation in 1980 and the dot com era, AlixPartners David White observed.

View Details

Coinbase CEO Meets Philippine Finance Chief in Davos to Explore PH Expansion

The Coinbase CEO expressed strong interest in the Philippines, citing its rapidly growing digital economy, high crypto adoption rates, and vibrant blockchain gaming ecosystem.

View Details