mia_anderson_painter
Sun Jun 09 2024
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6 answers
1080
Is crypto tax free in Singapore?｜. However, Singapore applies an 8% goods and services tax to fees when you purchase, sell, or convert crypto, for instance, on a centralized exchange.Singapore has no capital gains tax for individuals not engaged in regular trading or business activity with crypto, making it a crypto tax free country
Could you please clarify if cryptocurrencies are completely tax-free in Singapore? I understand that there's an 8% goods and services tax levied on transactions like buying, selling, or converting crypto on centralized exchanges. But, does Singapore impose any tax on capital gains from crypto for individuals who are not actively engaged in trading or business activities with cryptocurrencies? Essentially, is Singapore considered a crypto tax-free haven for individuals?
