Singapore revenue authority recognizes and taxes Bitcoin

Singapore revenue authority recognizes and taxes Bitcoin

Last updated on January 2nd, 2018 at 12:00 am

The Inland Revenue Authority of Singapore (IRAS), the entity responsible for the country’s tax law, has determined to recognize Bitcoins spil “goods”, not a currency, and issued some guidelines on how to treat capital gains, earnings and sales tax on Bitcoin exchanges and related sales. Read More