Singapore Releases New Draft on Tax Guidelines for Crypto: Bitcoin, Ethereum, Litecoin, Dash, Monero, Ripple and Zcash

Singapore Releases New Draft on Tax Guidelines for Crypto: Bitcoin, Ethereum, Litecoin, Dash, Monero, Ripple and Zcash

The Inland Revenue Authority of Singapore (IRAS) has published a draft guide that explains the goods and services tax (GST) treatment for transactions involving cryptocurrencies that are used as a medium of exchange. Referred to as digital payment tokens, the draft references Bitcoin, Ethereum, Litecoin, Dash, Monero, Ripple (XRP) and Zcash as examples. In a […]

The post Singapore Releases New Draft on Tax Guidelines for Crypto: Bitcoin, Ethereum, Litecoin, Dash, Monero, Ripple and Zcash appeared first on The Daily Hodl.

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