The Department of Finance (DoF) on Monday said earnings from play-to-earn games such as Axie Infinity are subject to income tax.

Finance Undersecretary and head of Revenue Operations Group Antonette Tiono said that they are looking at how to tax the income earned from playing Axie Infinity.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details