#axie infinity bir

Sky Mavis, the company behind the popular play-to-earn (P2E) game Axie Infinity, encourages the Axie community members to abide by the laws of their home countries. "As creator and inventor of the #1 NFT game, Axie Infinity, we pride in providing a fun and entertaining experience while cultivating a player-owned ecosystem," said Sky Mavis in a statement posted on Axie Infinity's official Twitter account. The announcement came after Axie Infinity became a hotter subject recently when the DOF and BIR clarified that play-to-earn games earnings from platforms like Axie Infinity are subject to income tax. The BSP also said that it is looking into classifying Axie Infinity as OPS similar to GCash, PayMaya, and other banks. The Department of Finance (DOF) has disclosed that online pay-to-earn games, such as Axie Infinity, are subject to income tax. Tionko said that earnings from gaming platforms such as Axie Infinity that allow players to generate profits are subject to income tax. Tionko also disclosed that the DOF and the Internal Revenue (BIR) are looking into Axie Infinity. Axie Infinity is developed by Sky Mavis, a technology-focused game studio founded in early 2018. Read more in our articles including "Sky Mavis to work with gov't, encourages Axie community to abide by home country laws" and "Axie Infinity, play-to-earn games earnings subject to income tax, says DOF".