House Resolution Seeks to Tax Foreign Crypto Exchanges in PH | Key Points | Sept. 26, 2024

Filipino representative wants the government to look at taxing overseas crypto exchanges.

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Recto Pushes Tax Hike on Capital Gains; Salceda Warns of Capital Flight

The Philippine DOF plans to raise capital gains, donor, and estate taxes from 6% to 10% under the Growth Bill, aiming to generate 300 billion. Rep. Salceda warns the move may trigger capital flight and hurt the middle class.

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Solon Wants Bangko Sentral to Impose Cap on Late Credit Card Fees

Salceda cited that the accumulation of debts like this is dangerous for the country's economy and for consumers.

The post Solon Wants Bangko Sentral to Impose Cap on Late Credit Card Fees appeared first on BitPinas.

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Representative Joey Salceda Calls for BPI to Compensate Customers Affected by Glitch

Rep. Joey Salceda has called on BPI to compensate its users affected by glitch and noted that the BSP investigation should not slow it down.

The post Representative Joey Salceda Calls for BPI to Compensate Customers Affected by Glitch appeared first on BitPinas.

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Salceda Sees Peso Could Depreciate to 68 Pesos to One Dollar

Salcedo gave a possible economic solution which can be a mix of policy and program intervention. He suggested that the government needs to encourage the “Big 4” in service Dollar earners.

The post Salceda Sees Peso Could Depreciate to 68 Pesos to One Dollar appeared first on BitPinas.

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Solon Will Form Working Group to Study NFT, Crypto Taxes

The economist-legislator also noted that the goods and services sold digitally “should not need any further legislation to be covered.”

The post Solon Will Form Working Group to Study NFT, Crypto Taxes appeared first on BitPinas.

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Rep. Salceda to BIR: PH Tax Laws Must Adopt to Increasing Online Freelancers

He added that there are about a million virtual employees in the country.

The post Rep. Salceda to BIR: PH Tax Laws Must Adopt to Increasing Online Freelancers appeared first on BitPinas.

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Key Takeaways: House Bill 7425 on Taxing Digital Services in the Philippines

What is included in the new House Bill No. 7425 that seeks to tax the online services Filipinos use?

The post Key Takeaways: House Bill 7425 on Taxing Digital Services in the Philippines appeared first on BitPinas.

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Regulate or Restrict? Salcedas Tax Plan vs. Infrawatchs Push to Ban Unregulated Exchanges

Weigh in on what is the better policy for foreign crypto exchanges; ban them or tax them instead?

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