Philippines
Self-employment income — simplest under the 8% flat tax on gross over ₱250k (if non-VAT and under ₱3M), otherwise graduated 0–35%. Mandatory SSS/PhilHealth/Pag-IBIG also apply.
Self-employed individual / professional income (business income), Form 1701/1701A.
Either an 8% flat tax on gross over ₱250,000 (if non-VAT, gross ≤ ₱3M) OR graduated 0–35% on net + 3% percentage tax.
Mandatory SSS, PhilHealth and Pag-IBIG contributions for the self-employed (not tax, but a real cost).
The 8% optional flat-tax election is the key simplified regime under ₱3M gross. Register with the BIR, elect the 8% in the first quarterly filing.
USDC is income at peso value on receipt under the chosen regime. Emerging 2025 rules (possible 15% CGT on disposals, 10-year recordkeeping) may apply to later sales.