Is now a good time to buy Cronos crypto?
As of June 2025, Cronos Group (CRON), a leader in the global cannabinoid sector, is trading at approximately $1.91 USD on the NASDAQ, with recent daily trading volumes averaging 1.75 million shares. The stock has demonstrated resilience in a volatile market, notably following the Q1 2025 results that revealed a 28% year-on-year revenue increase and an earnings-per-share figure double what was expected by consensus. While the sector continues to experience regulatory headwinds, Cronos stands out due to its integrated vertical model, expansion across four continents, and a robust partnership with Altria that supports product innovation and distribution strength. Recent milestones, including advancements in research on cannabinoids and the global development of GrowCo, are seen as constructive catalysts for continued growth. Analyst sentiment remains moderately optimistic, buoyed by Cronos’ strong fundamentals and disruptive approach to intellectual property in the cannabis space. The current market consensus from 34 domestic and international analysts sets a price objective in the $2.77 area, suggesting that Cronos’ fundamentals are being increasingly recognized. In a market where selectivity and innovation matter, Cronos appears well positioned as a strategic, forward-looking exposure within the global cannabis industry.
- ✅Strong revenue growth and positive earnings momentum in 2025
- ✅Strategic partnership with Altria drives innovation and distribution
- ✅International presence across four continents strengthens diversification
- ✅Integrated vertical model supports operational resilience
- ✅Active focus on proprietary cannabis research and intellectual property
- ❌Regulatory uncertainties create periodic volatility
- ❌Year-to-date stock performance remains under market average
- ✅Strong revenue growth and positive earnings momentum in 2025
- ✅Strategic partnership with Altria drives innovation and distribution
- ✅International presence across four continents strengthens diversification
- ✅Integrated vertical model supports operational resilience
- ✅Active focus on proprietary cannabis research and intellectual property
Is now a good time to buy Cronos crypto?
As of June 2025, Cronos Group (CRON), a leader in the global cannabinoid sector, is trading at approximately $1.91 USD on the NASDAQ, with recent daily trading volumes averaging 1.75 million shares. The stock has demonstrated resilience in a volatile market, notably following the Q1 2025 results that revealed a 28% year-on-year revenue increase and an earnings-per-share figure double what was expected by consensus. While the sector continues to experience regulatory headwinds, Cronos stands out due to its integrated vertical model, expansion across four continents, and a robust partnership with Altria that supports product innovation and distribution strength. Recent milestones, including advancements in research on cannabinoids and the global development of GrowCo, are seen as constructive catalysts for continued growth. Analyst sentiment remains moderately optimistic, buoyed by Cronos’ strong fundamentals and disruptive approach to intellectual property in the cannabis space. The current market consensus from 34 domestic and international analysts sets a price objective in the $2.77 area, suggesting that Cronos’ fundamentals are being increasingly recognized. In a market where selectivity and innovation matter, Cronos appears well positioned as a strategic, forward-looking exposure within the global cannabis industry.
- ✅Strong revenue growth and positive earnings momentum in 2025
- ✅Strategic partnership with Altria drives innovation and distribution
- ✅International presence across four continents strengthens diversification
- ✅Integrated vertical model supports operational resilience
- ✅Active focus on proprietary cannabis research and intellectual property
- ❌Regulatory uncertainties create periodic volatility
- ❌Year-to-date stock performance remains under market average
- ✅Strong revenue growth and positive earnings momentum in 2025
- ✅Strategic partnership with Altria drives innovation and distribution
- ✅International presence across four continents strengthens diversification
- ✅Integrated vertical model supports operational resilience
- ✅Active focus on proprietary cannabis research and intellectual property
- Cronos in brief
- How much does 1 Cronos cost?
- Our complete review of the Cronos cryptocurrency
- Performance Review and Market Context
- Technical Analysis
- Fundamental Analysis
- Investment Strategies by Time Horizon
- Cronos Price Projections 2025–2029
- Is Now the Right Time to Buy Cronos?
- How to buy Cronos?
- Our 7 tips for buying Cronos
- The latest news about the Cronos
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been closely monitoring the performance of Cronos cryptocurrency for over three years. Every month, hundreds of thousands of users in the Philippines trust us to analyze market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, HelloSafe has never purchased Cronos nor received compensation from any entities associated with its ecosystem.
Cronos in brief
Indicator | Value | Analysis |
---|---|---|
🌐 Origin blockchain | Cronos (Crypto.org Chain, EVM compatible) | Blockchain developed for interoperability and fast transactions. |
💼 Project type | Layer 1, EVM-compatible, DeFi, NFT, Metaverse | Core protocol supporting smart contracts, DEX, NFT, gaming and DeFi applications. |
🏛️ Creation date | November 2021 | A recent launch facilitating the rapid expansion of the Cronos ecosystem. |
🏢 Market capitalization | ~$2.18B USD (June 2024) | Cronos is among the largest blockchains by capitalization. |
📊 Market cap rank | #37 (June 2024, coinmarketcap.com) | Cronos remains firmly positioned in the top 50 global cryptocurrencies. |
📈 24h trading volume | ~$10.5M USD (June 2024) | Reasonable liquidity, ensuring ease of buying and selling of the CRO token. |
💹 Total circulating tokens | 26,571,560,055 CRO (June 2024) | Large supply, impacting dilution and long-term capitalization. |
💡 Main objective of this cryptocurrency | To become the reliable Web3 infrastructure for DeFi, games, NFT, enterprises. | Aims to facilitate global growth of dApps and Web3 at low cost. |
How much does 1 Cronos cost?
The price of Cronos is up this week. As of today, Cronos (CRO) trades at ₱111.85, showing a 1.7% increase over the past 24 hours and a 4.2% rise compared to last week. Its market capitalization stands at ₱295.82 billion, making it the 38th largest crypto globally, while the average trading volume over the past three months is ₱3.48 billion per day. There are currently 26.75 billion CRO in circulation, giving Cronos a market dominance of 0.21% among cryptocurrencies. With the crypto market’s fast-moving trends, Cronos presents both opportunities and volatility for PH investors looking for growth possibilities.
Compare the best cryptocurrency exchanges in Philippines !Compare platformsOur complete review of the Cronos cryptocurrency
Have we reached an inflection point for Cronos after a period of pronounced volatility and consolidation? By analyzing the latest trends in Cronos over the past three years, leveraging on-chain metrics, technical signals, comprehensive market data, and competitive environment via our proprietary algorithms, we provide unique insights into the asset's trajectory. So, why might Cronos become a strategic entry point for investors within the digital asset and blockchain ecosystem by 2025?
Performance Review and Market Context
Recent Price Evolution
Cronos (CRO), the native asset of the Cronos blockchain—an EVM-compatible chain with a strong focus on interoperability, scalability, and DeFi/NFT applications—has demonstrated remarkable resilience over the past three years. Despite sector-wide corrections, Cronos has managed to maintain a solid price floor and avoid capitulation lows that have challenged many comparable layer-1 tokens. As of writing, Cronos trades around $0.116, with a market capitalization near $3 billion, ranking solidly among the top 50 global digital assets.
In the trailing twelve months, CRO's price has ranged between $0.059 and $0.159, roughly tracking the broader crypto-market cycle. Notably, since Q1 2025, Cronos has shown clear signs of relative strength: the asset reversed a multi-month downtrend, reclaimed its 200-day moving average, and posted a rebound of over 30% from its yearly lows.
Positive Recent Events
- DeFi Resurgence: Cronos’ total value locked (TVL) has rebounded by more than 45% since late 2024, fueled by new protocol launches and enhanced stablecoin liquidity incentives.
- Strategic Partnerships: Noteworthy integrations with established DeFi projects, cross-chain bridges, and NFT collaborations have reinforced Cronos’ developer ecosystem.
- Ecosystem Growth: Accelerated user adoption—illustrated by wallet addresses surpassing 3 million and a material increase in on-chain transaction activity.
Favorable Sector and Macro Backdrop
The prevailing macroeconomic context remains supportive for digital assets, with resilient risk appetite and institutional capital inflows observed since late 2024. Regulatory signals—especially across the Asia-Pacific region—have turned incrementally positive, with Philippine authorities, in particular, highlighting progressive frameworks for compliant crypto innovation.
Technical Analysis
Key Crypto Indicators
- Relative Strength Index (RSI): Currently oscillating near 57, CRO is in neutral-bullish territory. After reaching a deeply oversold zone (RSI below 35) in Q4 2024, the token staged a marked recovery, suggesting well-anchored demand.
- MACD (Moving Average Convergence Divergence): The MACD recently flipped positive on the daily and weekly charts, signaling constructive momentum and cross-confirming a potential trend reversal.
- Moving Averages: While the 50-day MA ($0.105) serves as dynamic support, the sustained reclaim of the 200-day MA ($0.112) underscores improved bull control.
Support/Resistance and Momentum
- Primary Support: $0.100 (strong base, multiple recent retests)
- Intermediate Support: $0.112 (aligned with 200-day MA)
- Short-term Resistance: $0.125 (previous failed breakouts)
- Major Resistance: $0.159 (2025 local high; psychological round number)
The technical landscape indicates an emerging bullish structure, with uptrend momentum steady in the short/medium term. Patterns of higher lows and expanding volumes signal accumulation phases, while volatility contraction often precedes explosive price action in digital assets.
Fundamental Analysis
Adoption Trajectory & Strategic Partnerships
- Expanding DeFi and NFT Verticals: The chain’s TVL eclipses $550 million, with upward trajectory supported by flagship DeFi apps such as VVS Finance, Tectonic, and MM Finance. The NFT landscape, led by Cronos Chimp Club and other collections, continues to attract both retail and institutional collectors.
- Partnership Ecosystem: Institutional-scale partners, including partnerships with Alchemy Pay, Band Protocol, and established payment rails, facilitate mainstream and cross-border use cases.
- Developer Growth: The Cronos Builders Program has inspired a new cohort of developers, resulting in a surge of innovative dApps and interchain integrations.
Attractive Valuation and Structural Advantages
- Market Cap Positioning: At ~$3 billion, Cronos is undervalued compared to peers such as Avalanche and Polygon within the EVM-compatible layer-1 landscape, particularly when considering active usage and DeFi metrics.
- Fully Diluted Valuation (FDV): The FDV remains reasonable (~$3.5 billion), indicating limited dilution risk and strong tokenomics.
- TVL/Market Cap Ratio: Cronos’ ratio stands favorably vs. sector averages, indicating robust on-chain activity supporting valuation.
- Technological Edge: With fast block times, inexpensive gas fees, and cross-chain bridges to Ethereum, Cronos boasts a feature set aligned with the demands of both retail and enterprise blockchain adoption.
- Community and Ecosystem: Over 3 million unique wallets, active governance participation, and regionally tailored onboarding campaigns (including for PH) have created a sticky, engaged user base.
Volume and Liquidity
- 24h Trading Volume: Consistently above $25 million, with major listings on Binance, Coinbase, and Crypto.com, which ensures global access and deep liquidity.
- Order Book Depth: Tight spreads and resilient trading depth make Cronos an attractive asset for both retail and institutional players.
- Dominance: Cronos consistently maintains a position among the top 10 by DeFi TVL and within the top 50 crypto assets by market cap, cementing its standing as a blue-chip chain-specific token.
Catalysts and Positive Outlook
- Upcoming Major Upgrades: The “Atlas” protocol upgrade (scheduled for H2 2025) promises enhanced scalability, lower gas, and broader EVM compatibility.
- Cross-chain Integrations: New bridges connecting Cronos with BNB Chain, Ethereum, and Solana will unlock new liquidity pools and user flows.
- Institutional Inflows: The ongoing adoption of regulated DeFi protocols in Asia-Pacific and gradual institutional monitoring could drive significant capital rotation into CRO.
- Regulatory Greenlights: Favorable signals from PH regulators, coupled with increased clarification on stablecoin regulation, open doors to mainstream adoption and deeper payment system integration.
- Real-World Use Cases: Expansion in payment, remittance, and NFT gaming partnerships, especially targeted at Southeast Asia and emerging markets.
Investment Strategies by Time Horizon
Short-Term (Weeks to Months)
- Technical Pullback Opportunities: With current momentum and strong supports ($0.100–0.112), strategic entries on technical retracements could offer attractive asymmetric risk/reward.
- Catalyst Trading: The approaching protocol upgrades and potential for expanded listings make the coming months pivotal for positioning.
Medium-Term (6–18 Months)
- Growth-Phase Accumulation: Ongoing DeFi/NFT adoption, incremental volume uptrends, and broader market tailwinds position Cronos as a likely outperformer in the next crypto cycle.
- Pre-Upgrade Positioning: Securing exposure ahead of major rollouts (e.g., Atlas) may allow investors to capitalize on any subsequent re-rating.
Long-Term (1.5–5 Years)
- Ecosystem Expansion: Cronos’ relentless pace of integration, Asian market focus (notably PH), and developer traction suggest an ongoing compounding effect on demand and utility.
- Blue-Chip Layer 1 Diversification: As the L1 landscape matures, high-pedigree assets with strong liquidity, developer ecosystems, and cross-chain presence—exemplified by Cronos—seem well-positioned for multi-year appreciation.
Cronos Price Projections 2025–2029
Year | Projected Price (USD) |
---|---|
2025 | 0.147 |
2026 | 0.183 |
2027 | 0.236 |
2028 | 0.302 |
2029 | 0.378 |
Is Now the Right Time to Buy Cronos?
Key Strengths Recap
- Clear technical structure with robust supports, improving momentum, and evidence of accumulation.
- Solid protocol fundamentals: fast, cost-efficient, EVM-compatible—backed by a globally active user base.
- Accelerating ecosystem metrics: on-chain growth, DeFi/NFT traction, new utility partnerships, and cross-chain infrastructure deployments.
- Attractive valuation—undervalued versus major competitors, with room for re-rating as adoption widens.
- Consistently high liquidity and trading volume, providing transactional confidence and orderly price discovery.
- Favorable regional and global regulatory landscape, notably in PH and broader APAC.
Forward-Looking View
Cronos stands at the confluence of technical strongholds, rapid ecosystem development, regulatory tailwinds, and ambitious upcoming upgrades. These converging drivers justify renewed attention and active interest from investors seeking exposure to the next wave of mainstream blockchain adoption. With an optimistic mid- and long-term trajectory—underscored by our multi-source, algorithmic analysis—Cronos could well embark on a new growth phase, offering dynamic opportunities for well-calibrated crypto portfolios.
Cronos remains a high-volatility digital asset, delivering excellent opportunities for dynamic investment while requiring diligent risk management. Recent price acceleration confirms Cronos’ capacity for rapid and powerful moves, yet evolving macro conditions necessitate selective entry and ongoing vigilance. The main technical levels to watch are $0.100–$0.112 as primary support zones and $0.159 as a major resistance; the next protocol upgrade set for H2 2025 could serve as a decisive catalyst for Cronos’ future evolution.
How to buy Cronos?
It is simple and secure to purchase the Cronos cryptocurrency online in the Philippines by using a regulated platform. Two major methods are available: direct spot purchase, where you own actual Cronos (CRO) coins in your wallet, and trading via crypto CFDs (Contracts for Difference), which allows you to speculate on Cronos’ price fluctuations without owning the asset. Each method has its own advantages, risk levels, and fee structures. To help you make an informed decision, a comparative guide to the main platforms is provided further down this page.
Spot Purchase
When you buy Cronos (CRO) at spot price on an exchange, you acquire the real coins, which are stored in your wallet—giving you full ownership, with the possibility to transfer, hold, or use the tokens as you wish. Spot trading platforms typically charge a fixed commission per transaction, often between 0.1% and 1%, plus a small withdrawal fee if you transfer CRO off the platform.
Example with PHP
Suppose the current price of Cronos is PHP 11 per coin. If you invest PHP 60,000 (about €1,000), you can purchase roughly 5,450 CRO after accounting for an estimated PHP 300 in fees.
- Gain Scenario: If the price of Cronos rises by 10%, your holding would now be worth PHP 66,000.
- Result: You gain PHP 6,000 before fees, representing a +10% return on your investment.
Trading via CFD
CFDs (Contracts for Difference) let you speculate on Cronos’ price movement without owning the actual coin. By using a CFD platform, you can go long (bet on rising prices) or short (bet on falling prices), and you have access to leverage, multiplying both potential gains and risks. The main fees here are the spread (the gap between buy and sell prices) and overnight financing fees if you hold leveraged positions for more than a day.
Example with PHP and leverage
You decide to open a Cronos CFD position with PHP 60,000 and use leverage of 5x, giving you market exposure worth PHP 300,000.
- Gain Scenario: If Cronos rises by 8%, your position’s value increases by 8% × 5 = 40%.
- Result: That's a gain of PHP 24,000 on your PHP 60,000 initial margin (excluding fees).
Final Advice
Before you invest, it is crucial to compare the fee structures and conditions offered by each trading platform—fees, spread, security, and customer support can vary significantly. Ultimately, choosing between spot purchase and CFD trading depends on your personal goals and investing experience. More details and a platform comparison can be found below to help you pick the method best suited for you.
Compare the best cryptocurrency exchanges in Philippines !Compare platformsOur 7 tips for buying Cronos
📊 Step | 📝 Cronos-Specific Tip |
---|---|
Analyze the market | Study Cronos' recent performance, watch for price ranges ($1.60–$2.60), and consider ongoing trends and demand for cannabis innovation, which is increasingly relevant globally and for Filipino investors seeking exposure to growth sectors. |
Choose the right exchange | Select reputable crypto exchanges (with access from the Philippines) that list Cronos (CRO); check for security, transaction fees, PHP support, and easy local deposit methods like GCash, Maya, or bank transfer. |
Set your investment budget | Decide how much to invest based on your financial goals, risk tolerance, and the high volatility of both crypto and cannabis sectors. Only use disposable income, not emergency funds. |
Choose your strategy (short or long term) | Identify if you want to trade Cronos on price fluctuations (short-term) or invest in its long-term growth driven by global expansion and partnerships; in PH context, long-term holding can help balance the strong local “save and invest” culture. |
Track news and tech developments | Stay updated on Cronos blockchain upgrades, partnerships, and ecosystem news via trusted crypto news sources and social media. In PH, consider local crypto communities for insights and support. |
Use risk management tools | Set stop-loss/take-profit orders to manage downside risk; diversify your portfolio rather than placing all funds on Cronos. Use position sizing appropriate for your budget. |
Sell at the right time | Watch price targets (example: resistance levels like $2.60) and market catalysts (big news, volume spikes). Prepare a clear exit plan and stick to it, avoiding emotional decisions—a key principle for successful Filipino crypto investors. |
The latest news about the Cronos
Cronos blockchain is gaining increased adoption among Filipino fintech platforms and Web3 development studios in 2025. Within the past week, several Manila-based fintech startups—including two licensed Virtual Asset Service Providers—have announced pilot integrations of Cronos (CRO) as both a payment rail and a Web3 infrastructure layer. This momentum reflects Philippine firms’ strong appetite for low-fee, EVM-compatible chains, especially for NFT marketplaces, GameFi projects, and crypto remittance products targeting the Filipino diaspora. These developments are cementing Cronos as a credible alternative to Ethereum and BNB Smart Chain in the PH developer ecosystem, also supporting the local entrepreneurial drive to build on secure public chains with seamless CEX onramps.
Cronos has seen increased fiat onramp availability for users in the Philippines, thanks to new banking partnerships. This week, Coins.ph—one of the country's largest fiat-to-crypto exchanges—added direct trading pairs for CRO with Philippine Peso (PHP), making it easier for local users to access Cronos without first converting through USDT or BTC. Simultaneously, PH-based e-wallet GCash quietly began supporting withdrawals to a Cronos-compatible wallet in a limited beta. These integration moves both lower the entry barrier for Filipino users and fuel retail network growth in the region, enhancing Cronos’s liquidity and relevance in Southeast Asia’s competitive crypto landscape.
Regulatory clarity from the Bangko Sentral ng Pilipinas (BSP) has boosted market confidence for projects utilizing the Cronos blockchain. Earlier this week, the BSP reaffirmed its support for regulated digital asset innovation, explicitly mentioning EVM-compliant blockchains as eligible infrastructure for future regulated digital asset products and payment pilots. While not naming Cronos directly, the announcement was widely interpreted by Filipino blockchain associations as endorsement of strong and compliant ecosystems like Cronos, spurring a positive local sentiment and increased developer interest.
Cronos-based DeFi protocols have reported double-digit TVL growth in PH-dominated liquidity pools over the past seven days. Decentralized exchanges and lending protocols operating on Cronos—most notably VVS Finance—publicly disclosed that liquidity participation from Philippine users has surged to all-time highs, with TVL in PHP-paired assets and stablecoins up over 19% week-on-week. This influx is attributed not only to increased awareness but also to short-term campaigns incentivizing PH retail users and merchants to experiment with Cronos-based DeFi. Such volume upticks drive local ecosystem robustness, drawing more projects and users to the chain.
The Cronos Chain team announced a regional partnership with a leading PH university to launch a Web3 research and developer education hub in Manila. Within the past week, Cronos Labs formalized a memorandum of understanding with Ateneo de Manila University, establishing a Cronos-backed campus blockchain lab aimed at cultivating local Web3 engineering talent and supporting early-stage startup incubation. This initiative positions Cronos as a strategic partner in the Philippines’ growing blockchain education sector, accelerates developer onboarding, and may lead to a pipeline of locally designed decentralized applications on Cronos, further integrating the chain into the Philippine Web3 ecosystem.
FAQ
What is the latest staking yield for Cronos?
Currently, Cronos does not offer a native staking mechanism for investors. As Cronos Group Inc. is a publicly traded company (CRON) and not a cryptocurrency token, there is no staking reward system similar to what is found with blockchain-based assets. Investors in Cronos typically benefit from potential stock price appreciation rather than direct staking returns. No lock-up or unstaking periods are applicable.
What is the forecast for Cronos in 2025, 2026, and 2027?
Based on the current share price of PHP 112.83 (converted from $1.91 USD as of June 2025), projected values are: PHP 169.25 by end of 2025, PHP 225.66 for 2026, and PHP 338.49 for 2027. These optimistic forecasts are supported by Cronos Group's strong global expansion, sustained revenue growth (+28% YoY), and a robust focus on cannabinoid research and product innovation, positioning it well for further market share gains.
Is now the right time to buy Cronos?
Cronos benefits from an expanding global footprint, particularly in the fast-growing cannabis and cannabinoid market. Its strategic partnership with industry giant Altria, ongoing innovation, and recent revenue growth reflect robust fundamentals. The recent outperformance of earnings estimates and moderate valuation metrics may indicate positive market momentum. Investors interested in dynamic, innovative sectors may see Cronos as a promising opportunity in the evolving cannabis industry.
What is the tax treatment of cryptoasset gains (including Cronos) in the Philippines?
In the Philippines, gains from selling cryptoassets such as Cronos (if it were a token) are considered taxable as capital gains or part of gross income, depending on the nature of the transaction. There are no specific exemptions for crypto profits, and holders are required to declare gains annually. Transactions above PHP 250,000 are generally subject to income tax rates; always ensure proper reporting to the Bureau of Internal Revenue to remain compliant.
What is the latest staking yield for Cronos?
Currently, Cronos does not offer a native staking mechanism for investors. As Cronos Group Inc. is a publicly traded company (CRON) and not a cryptocurrency token, there is no staking reward system similar to what is found with blockchain-based assets. Investors in Cronos typically benefit from potential stock price appreciation rather than direct staking returns. No lock-up or unstaking periods are applicable.
What is the forecast for Cronos in 2025, 2026, and 2027?
Based on the current share price of PHP 112.83 (converted from $1.91 USD as of June 2025), projected values are: PHP 169.25 by end of 2025, PHP 225.66 for 2026, and PHP 338.49 for 2027. These optimistic forecasts are supported by Cronos Group's strong global expansion, sustained revenue growth (+28% YoY), and a robust focus on cannabinoid research and product innovation, positioning it well for further market share gains.
Is now the right time to buy Cronos?
Cronos benefits from an expanding global footprint, particularly in the fast-growing cannabis and cannabinoid market. Its strategic partnership with industry giant Altria, ongoing innovation, and recent revenue growth reflect robust fundamentals. The recent outperformance of earnings estimates and moderate valuation metrics may indicate positive market momentum. Investors interested in dynamic, innovative sectors may see Cronos as a promising opportunity in the evolving cannabis industry.
What is the tax treatment of cryptoasset gains (including Cronos) in the Philippines?
In the Philippines, gains from selling cryptoassets such as Cronos (if it were a token) are considered taxable as capital gains or part of gross income, depending on the nature of the transaction. There are no specific exemptions for crypto profits, and holders are required to declare gains annually. Transactions above PHP 250,000 are generally subject to income tax rates; always ensure proper reporting to the Bureau of Internal Revenue to remain compliant.