shen charlesMay 31, 2022 · 3 years ago0 answers What are the tax implications of transferring a large amount of money from the Philippines to the USA through cryptocurrencies?
I am planning to transfer a significant amount of money from the Philippines to the USA using cryptocurrencies. I would like to know what the tax implications are for such a transfer. Can you provide me with information on how the tax authorities in both countries treat cryptocurrency transfers? Are there any specific regulations or reporting requirements that I should be aware of?
