Tax Map · Crypto tax rankings

Crypto tax in Philippines

Crypto in Philippines is taxed as ordinary income.

For an individual relocating to the Philippines, gains from disposing of cryptocurrency are generally treated as part of your taxable income and can be taxed at progressive rates up to 35%, with no exemption for long-term holdings.

“Under the Philippine Tax Code, gross income means all income derived from whatever source, including (but not limited to) compensation for services, gross income derived from the conduct of trade or business or the exercise of a profession, gains derived from dealings in property, interests, rents, royalties, dividends, annuities, prizes and winnings. All such income of individuals, unless otherwise exempt, is subject to the graduated income tax rates of up to thirty‑five percent (35%) under Section 24(A) of the Tax Code.” — Bureau of Internal Revenue (BIR), Philippines

Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.