Philippines Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

BSP, SEC Philippines, AMLC, Pilots

Risk Level

medium

Primary Legislation

[object Object], [object Object]

Travel Rule

Adopted — Threshold: $88,000

Tax Reporting

Income tax on crypto gains; BIR treats as property. **Personal investment**: Limited activity may qualify for capital gains treatment. **Business income**: Subject to higher ordinary income tax rates. **Compensation**: Taxed as earned income[2]. No standalone CGT framework exists for crypto; gains from sales (crypto-to-fiat), crypto-to-crypto trades, or exchanges for goods are typically treated as **ordinary income** rather than capital gains[2][3].

Key Facts

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