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. Although the company behind the game, Sky Mavis, is based in Vietnam, she pointed out the company's income derived from sources within the Philippines should be covered by local taxes. Tionko also said that Axie is yet to be characterized as a currency or security by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP), but pointed out that it is subject to income tax regardless of how it is characterized. Read more in our articles including "Axie Infinity, play-to-earn games earnings subject to income tax, says DOF" and "CMEPA implemented, banks slap uniform 20% tax to interest income".
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Jul 7, 2026The 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.
Although the company behind the game, Sky Mavis, is based in Vietnam, she pointed out the company's income derived from sources within the Philippines should be covered by local taxes. Tionko also said that Axie is yet to be characterized as a currency or security by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP), but pointed out that it is subject to income tax regardless of how it is characterized.
Our coverage of axie infinity income tax philippines includes: "Axie Infinity, play-to-earn games earnings subject to income tax, says DOF"; "CMEPA implemented, banks slap uniform 20% tax to interest income"; "Infinix launches 7.7 sale with discounts and concert ticket giveaway". Each article provides unique insights and information.