Cómo declarar criptomonedas en Filipinas
The Philippines does not have specific tax regulations for cryptocurrencies. The BIR considers gains as part of the taxpayer's income and they are taxed according to the progressive table. The central bank (BSP) licenses virtual asset providers.
Quick Tax Summary
- Tax type
- Income tax (no specific regime)
- Tipo aplicable
- 0% – 35% according to the progressive table
- Tax-exempt minimum
- First 250,000 pesos of annual income exempt
- Crypto-to-crypto
- No specific criteria published
- Staking y recompensas
- Taxed as income
- Losses
- Limited deduction
- Filing deadline
- April 15 of the following year
- Formularios
- BIR Form 1700 or 1701
- Sanciones
- 25% to 50% surcharge plus interest
- Autoridad fiscal
- Bureau of Internal Revenue (BIR)
Foreign exchanges blocked
In 2024, the Philippine SEC blocked access to several unlicensed foreign exchanges. Using registered platforms makes it easier to obtain reports for tax declarations.
Regional context
Asia has very different regimes: from countries with no capital gains tax (Singapore, Hong Kong) to flat rates of 30% (India). Several countries are reforming their rules, so it is advisable to review the current regulations each year.
Before filing: have your history in order
The first step to a proper tax declaration is to download the complete transaction history from each platform you use. MiCA-licensed exchanges often provide ready-to-use annual reports, which significantly simplifies the filing process.
See exchanges with MiCA licenseFrequently Asked Questions
Other countries in the same region · Asia
This guide provides general information and does not constitute tax advice. Rules change frequently: always confirm details with your country's tax authority or a tax advisor.