Philippine Regulator Says Axie Infinity Players Must Pay Tax on From Income

by Aurelia Butler 25 August 2021, 12:00 169 Views

The Philippines government said that Axie Infinity (AXS) players must pay tax on income from the game.

It seems like things just got real for the players of the popular online game Axie Infinity in The Philippines. According to the Department of Finance (DOF), all these players must pay income taxes due from such transactions.

The DOF has revealed that it wants a cut of Axie Infinity income. In other words, the regulator wants a piece of cake from players earning from the game the play-to-earn game. The news comes amid the huge success of the crypto-powered game Axie Infinity in the Philippines.

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Source: Cryptocurrency - investing.com

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Philippine Regulator Says Axie Infinity Players Must Pay Tax on From Income

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