Philippines Cryptocurrency Tax
Detailed cryptocurrency tax rates and rules for Philippines in 2026.
The Philippines has not enacted specific cryptocurrency tax legislation. The Bangko Sentral ng Pilipinas (BSP) regulates virtual currency exchanges as remittance companies, but there are no specific tax rules for crypto gains. In principle, crypto gains could be subject to income tax under general tax provisions as 'other income,' but enforcement is minimal.
Crypto Tax Status
Not Taxed
Treatment
No specific regulation
Additional Notes
The Philippines ranks among the top countries for cryptocurrency adoption, particularly for remittances and play-to-earn gaming (Axie Infinity). The SEC has issued advisories on crypto investments and ICOs. BSP-registered Virtual Asset Service Providers (VASPs) must comply with anti-money laundering regulations. The BIR has indicated interest in taxing crypto but specific regulations remain pending.
How Philippines Crypto Tax compares
Philippines does not tax cryptocurrency gains. 135 of 203 countries TaxAtlas tracks take the same approach, which is useful context when weighing where to live, invest, or incorporate.
