Are you paying tax on your online earnings

[Starmix]

We are not required to pay tax on our earnings online . It is just too small to be taxed except for those who buy and sells crypto or into the forex trading business.

 

[Kane]

I pay a 1 percent tax on my adsense because it comes through bank payment and I can not skip this. When I receive payment through paypal or crypto I can skip paying taxes.

 

[Starmix]

That is maybe their policy, no one can evade the tax law. And one percent is already money, but anyway you can earn more than that after paying the tax.

 

[Niyi]

I don't know if my bank deducts tax from the online transactions. I don't consciously pay tax for online transactions. I think there is no way to track it.

 

[Bisolami]

Our Ph government does not impose online earners to pay tax. Earning online is not that big to be taxable unless the trading business for the traders are mostly well-off.

Making money online is not something that the government should tax and I am glad that they did not do so

 

[Inem]

Since your online earnings go to a bank account, Value Added Tax would be deducted as VAT is deducted on all transactions.

 

[Bisolami]

Since your online earnings go to a bank account, Value Added Tax would be deducted as VAT is deducted on all transactions.

That is another point even when we feel like we have escaped from cryptocurrency tax and others.