Tax on Selling Gold in The Philippines
The Philippines' final capital gains taxes cover only real property and unlisted shares, so a gain on selling gold is added to your other income and taxed at the graduated rates of 0% to 35%. Gold is a capital asset for a non-dealer, and if you held it for more than 12 months only half the gain is counted.
Facts checked 30 October 2026 · Not financial, legal or tax advice
At a glance
| What you sell | How the gain is taxed | Notes |
|---|---|---|
| Gold bars, coins, jewellery held as an investment | Gain added to income at 0%-35%; only 50% counts if held over 12 months. | Capital losses only offset capital gains. |
| Gold sold to the BSP by small-scale miners or accredited traders | Exempt from income tax and excise tax. | Republic Act 11256 (2019); doesn't cover private investors. |
| Gold bought and sold as a business | Ordinary income; the whole gain counts. | Business taxes can also apply. |
| Silver | Same rules as gold. |
How gold gains are taxed
- Under Section 39 of the Tax Code, everything you own is a capital asset except stock in trade, property held mainly for sale to customers, and depreciable or real property used in a business. Gold you hold as an investment or wear is a capital asset.
- Holding period: an individual counts 100% of the gain if the asset was held 12 months or less and 50% if held longer.
- The counted gain is taxed with your other income: 0% up to ₱250,000 of taxable income, then 15%, 20%, 25%, 30% and 35% above ₱8 million.
- The 6% final tax on real property and 15% final tax on unlisted shares don't apply to gold.
- RA 11256 exempts gold sold to the Bangko Sentral ng Pilipinas by registered small-scale miners and approved traders from income and excise tax. An investor selling bullion or jewellery to a shop or pawnshop doesn't get this exemption.
Reporting
- Report the gain on your annual income tax return, due 15 April (BIR Form 1700 if you otherwise only earn salary, 1701 if you also have business income).
- Substituted filing by your employer doesn't cover the gain.
Losses
- Capital losses can only be deducted from capital gains.
- An individual's net capital loss can be carried over to the next year as a short-term loss, up to the year's net income.
Tax on Selling Gold in The Philippines: FAQ
Is there capital gains tax on gold in the Philippines?
Not a separate final tax. The gain is added to your income and taxed at the graduated rates of 0% to 35%, and only half the gain counts if you held the gold for more than 12 months.
Is selling gold to the BSP tax-free?
Only for registered small-scale miners and accredited traders, under Republic Act 11256. Private investors selling gold are taxed under the normal rules.
Sources (5)
General information about the rules for individual investors, checked October 2026. Tax depends on your circumstances and residence; check with the tax authority or an adviser. Not tax advice.