DISCLAIMER
DISCLAIMER
Any scholars who are part of our BLKCHAIN GAMING team MUST abide to the laws of their home countries. This means that in some countries NFT earnings will be considered an income, and being a scholar would be considered a job. Depending on the country, there will be taxes over that income. Income from play-to-earn games like Axie Infinity, could soon very well be taxed by the government of the Philippines. However, there’s still a lot of research to be done and right now both the Securities and Exchange Commission (SEC) and the central bank are looking into the case. Please do your part and be sure that you are aware of the tax implications in your country.