I guess I'm not surprised. Once ETFs were approved, it was only a matter of time before crypto was taxed. I wonder how they can enforce this though. Maybe they can work with CEX, but I wonder if people use things like the V4V app and pay with crypto directly. It wasn't technically sold for profit, and the purchase is taxed anyways.
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Crypto has always been taxable, at leas tin the US. Just ask Roger Ver who is now facing a lot of trouble over his failure to pay taxes.
The idea crypto was tax free or exempt wasnt true.
I see. I don't think it is in the Philippines. But since we seem to be copying a lot of what the US is doing with crypto (Binance issues), we might be implementing something similar soon.