PurgatoryAsia
Philippines
15%effective individual rate
Crypto gains treated as capital gains at various rates. High adoption driven by play-to-earn games and remittances.
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
Bitizenship
Not yet
Tax Rates
Capital Gains TaxUp to 15%
Income Tax on CryptoUp to 35%
Corporate Tax25%
VAT on Crypto12%
Activity Taxes
Staking
Taxed as income
Mining
Taxed as income
DeFi
Not addressed
NFTs
Taxed as capital gains
Taxable Events
Crypto → Fiat
Taxable
Crypto → Crypto
Taxable
Holding Period
No holding period benefit
None
Regulation & Residency
Regulatory Body
BSP; SEC Philippines
Residency Requirement
Various visa options; SRRV
Reporting Requirements
Annual tax return
Citizenship & Residency Path
SRRV retirement visa; citizenship by naturalization after 10 years
Notable Conditions
- →High crypto adoption
- →Play-to-earn gaming hub
- →Remittance-driven adoption
- →BSP licensing for VASPs
Living & Lifestyle
Cost of Living
Low
Banking Access
Moderate
Quality of Life
Moderate
Lifestyle Scores
Safety5/10
Healthcare4/10
Institutions5/10
Business Ease6/10
Int'l Schooling5/10
Privacy5/10