Dapat ba tayong kabahan?

[Distinctin]

Hindi kaya mangyari sa bansa natin ito?

https://cryptonews.com/news/uk-tax-authority-sends-65000-crypto-nudge-letters-to-suspected-tax-evaders/

HM Revenue & Customs (HMRC) has intensified its scrutiny of the crypto sector, sending 65,000 “nudge letters” to investors suspected of underreporting or evading taxes on digital assets, more than double last year’s figure, according to The Financial Times.

The data, obtained through a Freedom of Information Act request by accounting firm UHY Hacker Young, shows a 134% increase in warning notices.

These letters are typically sent before formal investigations begin, urging recipients to review their filings and settle outstanding liabilities.

UK and India Tax Authorities Tap Exchange Data to Track Crypto Evaders
UHY partner Neela Chauhan said HMRC is leveraging data provided directly by crypto exchanges to identify potential cases of tax avoidance.

The UK’s campaign mirrors global efforts. In India, tax authorities are reportedly pursuing over 400 suspected crypto tax evaders using data shared by Binance.

Both examples highlight how governments are gaining deeper visibility into crypto activity through international data-sharing agreements.

[Distinctin]

Mukhang hindi masyadong napapansin itong mahalagang issue. Just to give some context.. ayon sa balita, the government is now requiring exchanges to provide details of their users, and if they find out na may mga residents na nagte-trade pero hindi nagre-report, the tax agency will send them a letter asking for an explanation.

So possible kaya mangyari rin ito sa Philippines? What if hindi tayo nagbabayad ng tax, baka isang araw magulat na lang tayo na may letter na galing BIR or some agency.

Do you think this is something we should actually be worried about?

[Maslate]

Makikita natin ang regulations dito... https://www.sanctionscanner.com/blog/cryptocurrency-regulations-in-the-philippines-1140

Ibig sabihin, since regulated naman ang mga exchanges o yung tinatawag nilang VASP, kaya ng BIR kumuha ng info para makita kung nagde-declare tayo ng capital gains galing sa kita sa pagbebenta ng crypto.

So technically, wala tayong lusot dyan. Pero dahil karamihan sa atin gumagamit ng unlicensed exchanges o yung mga hindi rehistrado sa bansa, baka safe pa tayo… baka lang.

[blockman]

Mukhang hindi masyadong napapansin itong mahalagang issue. Just to give some context.. ayon sa balita, the government is now requiring exchanges to provide details of their users, and if they find out na may mga residents na nagte-trade pero hindi nagre-report, the tax agency will send them a letter asking for an explanation.

So possible kaya mangyari rin ito sa Philippines? What if hindi tayo nagbabayad ng tax, baka isang araw magulat na lang tayo na may letter na galing BIR or some agency.

Do you think this is something we should actually be worried about?

Posible yang mangyari sa atin, kung dapat bang ikabahala? oo kung ayaw mong magbayad ng tax dahil ang nasa isip ng karamihan ngayon sayang lang ang tax na mapupunta. At the same time naman, may reports naman yan at file na magiging under ng pangalan mo na pwede mong ipagmalaki na tax payer ka at hindi ka tax evader. Kaso sa mga kasalukuyang may mga tax filing na dapat may exemption din naman kung hindi ganun kalakihan yung kinita ng isang crypto investor. Kung mangyari yan sa atin baka lagyan nila ng bracketing depende sa kung magkano ang kinita.

[Asuspawer09]

Sa ngayon siguro hindi naman tayo dapat kabahan sa mga ganito, possible siguro kung talaga bigshot trader ka na kumikita ng million million possible na habulin ka talaga lalo na at malaki ang pumapasok sa mga accounts mo, I mean pagdating naman talaga sa TAX ay gagawa at gagawa talaga ang gobyerno ng paraan para magbayad tayo, hindi lang talaga nila kaya itong cryptocurrency for now, na individually, at some point nagbabayad pa rin naman tayo, dahil gumagamit tayo ng mga exchange or platforms. Ang mga legitimate platforms ay nagbabayad ng Tax sa gobyerno and tayo naman ang nagbabayad ng fees sa mga platform para makapagtrade etc. Ito rin ang dahilan kaya binabanned nila ang mga platform like Binance dahil wala silang control hindi lisense dito sa bansa naten, meaning wala silang tax sa platform na yun, kaya kung ililipat nila ang mga users sa mga legitimate platforms maslalaki ang kita. So sinasabing proteksyon daw yun ng mga investors or trader, make sense pa rin naman pero at the same time pera pera pa rin talaga ang usapan.

sa ngayon kung hindi naman sobrang laki or consistent and kinikita mo sa trading or like daily trading, I think no need to worry na papadalahan ka ng BIR ng letter or something that will force you na magbayad ng TAX.