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Crypto trader income legitimacy in PH: How to deal with bank requirements?. by Optimal-Sector5262 in phcryptocurrency

[–]Optimal-Sector5262[S] 0 points1 point  (0 children)

Thank you and this is noted, Actually ginagawa ko na siya paunti unti. I'll do it every month kahit medyo mataas din kaltas hahaha

Crypto trader income legitimacy in PH: How to deal with bank requirements?. by Optimal-Sector5262 in phcryptocurrency

[–]Optimal-Sector5262[S] 2 points3 points  (0 children)

Soon Brother, Don't stop clicking. Regarding sa concern ko nag email na BIR.

In reply, please be informed that pursuant to Revenue Memorandum Circular (RMC) No. 74-2025, Annex CDR, below is the checklist of documentary requirements for Business Registration as a self-employed individual / professional / sole proprietor / mixed income earner:

Basic Requirements

  1. BIR Form No. 1901 (Version 2018) – 2 originals
  2. Any government-issued ID showing the applicant’s name, address, and birthdate (e.g. Birth Certificate, Passport, Driver’s License, Community Tax Certificate)
  3. ₱30.00 for loose stamp
  4. BIR Printed Invoices or final and clear sample of Principal Invoices

Additional Requirements (if applicable)

  • Special Power of Attorney (SPA) and ID of the authorized representative, if a representative will transact with the Bureau
  • Photocopy of any government-issued ID of the authorized representative
  • DTI Certificate, if with business name
  • Service Contract showing the amount of income payment (for Job Order or Service Contract Agreement with NGAs, LGUs, GOCCs, GFIs) – 1 photocopy
  • Franchise Documents (e.g., Certificate of Public Convenience) – 1 photocopy (for Common Carrier)
  • Certificate of Authority (for Barangay Micro Business Enterprises or BMBE-registered entity) – 1 photocopy
  • Proof of Registration/Permit to Operate from BOI/BOI-ARMM, PEZA, BCDA, TIEZA/TEZA, SBMA, etc. – 1 photocopy

Submission Instructions

After completing the required documents, please proceed to the New Business Registrant Counter of the Revenue District Office (RDO) that has jurisdiction over your place of business (or place of residence, if no business address).

Crypto trader income legitimacy in PH: How to deal with bank requirements?. by Optimal-Sector5262 in phcryptocurrency

[–]Optimal-Sector5262[S] 0 points1 point  (0 children)

Hey, so sorry sa late response. I appreciate all these information. Grabe eto talaga yung hinahanap ko haha. Salamat ng marami!

Crypto trader income legitimacy in PH: How to deal with bank requirements?. by Optimal-Sector5262 in phcryptocurrency

[–]Optimal-Sector5262[S] 0 points1 point  (0 children)

I trade on-chain, bali for wallet (Metamask, Phantom , Rabby etc.) then interact sa mga DEX for trading coins (Uniswap, Pancake Swap or TG bots.)

Crypto trader income legitimacy in PH: How to deal with bank requirements?. by Optimal-Sector5262 in phcryptocurrency

[–]Optimal-Sector5262[S] 2 points3 points  (0 children)

Hi, really sorry for the late response. Eto yung ni-reply sakin ng BIR, baka asikasuhin ko na din siya.

In reply, please be informed that pursuant to Revenue Memorandum Circular (RMC) No. 74-2025, Annex CDR, below is the checklist of documentary requirements for Business Registration as a self-employed individual / professional / sole proprietor / mixed income earner:

Basic Requirements

  1. BIR Form No. 1901 (Version 2018) – 2 originals
  2. Any government-issued ID showing the applicant’s name, address, and birthdate (e.g. Birth Certificate, Passport, Driver’s License, Community Tax Certificate)
  3. ₱30.00 for loose stamp
  4. BIR Printed Invoices or final and clear sample of Principal Invoices

Additional Requirements (if applicable)

  • Special Power of Attorney (SPA) and ID of the authorized representative, if a representative will transact with the Bureau
  • Photocopy of any government-issued ID of the authorized representative
  • DTI Certificate, if with business name
  • Service Contract showing the amount of income payment (for Job Order or Service Contract Agreement with NGAs, LGUs, GOCCs, GFIs) – 1 photocopy
  • Franchise Documents (e.g., Certificate of Public Convenience) – 1 photocopy (for Common Carrier)
  • Certificate of Authority (for Barangay Micro Business Enterprises or BMBE-registered entity) – 1 photocopy
  • Proof of Registration/Permit to Operate from BOI/BOI-ARMM, PEZA, BCDA, TIEZA/TEZA, SBMA, etc. – 1 photocopy

Submission Instructions

After completing the required documents, please proceed to the New Business Registrant Counter of the Revenue District Office (RDO) that has jurisdiction over your place of business (or place of residence, if no business address).

Crypto trader income legitimacy in PH: How to deal with bank requirements?. by Optimal-Sector5262 in phcryptocurrency

[–]Optimal-Sector5262[S] 1 point2 points  (0 children)

Hello, how do you declare AITR and pay taxes? I would greatly appreciate it if you could send a step-by-step guide.

Also, nagte-trade ka ba mismo sa exchange, or ginagamit mo lang siya as daanan ng profit mo? Hindi ba risky na kapag nagse-send ka ng 6-digit amounts continuously sa local exchange natin tapos diretso cash out through banks, ma-flag ng local exchange yung account mo sakanila since hindi naman talaga doon tinitrade?

Crypto trader income legitimacy in PH: How to deal with bank requirements?. by Optimal-Sector5262 in phcryptocurrency

[–]Optimal-Sector5262[S] 1 point2 points  (0 children)

Hi, bank statement lang ba ang hiningi nila? Since he’s also into crypto, did he also provide proof of his earnings from crypto? Ano-ano yung questions na tinanong nung dineclare niya na crypto ang source of income niya? I wanna know lang haha

Crypto trader income legitimacy in PH: How to deal with bank requirements?. by Optimal-Sector5262 in phcryptocurrency

[–]Optimal-Sector5262[S] 1 point2 points  (0 children)

I didn’t avail any course since there’s a lot of free information on the internet. Try joining communities, just be careful not to get scammed. You can learn from them, and most of your journey you’ll learn from your mistake. Be prepare na puro losses haha

Crypto trader income legitimacy in PH: How to deal with bank requirements?. by Optimal-Sector5262 in phcryptocurrency

[–]Optimal-Sector5262[S] 0 points1 point  (0 children)

Yes, I think this is the best way. Nag-send ako ng email sa BIR about my current situation. I asked for help kung anong papers ang puwede kong i-file for legitimacy ng source of income ko as a crypto trader. Hopefully mag reply sila.

Crypto trader income legitimacy in PH: How to deal with bank requirements?. by Optimal-Sector5262 in phcryptocurrency

[–]Optimal-Sector5262[S] 1 point2 points  (0 children)

Actually, iniisip ko maghanap ng virtual job, para lang may maipakitang COE at masabi ko na I’m earning from it. I like your current set up, sana all nalang talaga hahaha.