The Finance Department said that income from online play-to-earn games, such as Axie Infinity, are taxable. Finance Undersecretary Antonette Tionko said that online multiplayer games that allow players to earn are subject to income tax. The DOF and Bureau of Internal Revenue (BIR) are looking into Axie Infinity. The game was developed by Vietnamese studio …

The post DOF in PH says earnings from ‘Axie Infinity’ taxable appeared first on The Filipino Times.