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Income Tax and GST Treatment of Virtual Currencies

Virtual currency is an emerging digital asset, designed to function as a medium of exchange, which may be used to pay for goods or services, or held for investment. In some environments, it operates like “real” currency (i.e. the coins and banknotes designated as legal tender) but it does not have legal tender status in any jurisdiction.

Guide on Singapore Corporate Taxation

Singapore has been consistently ranked as one of the most business-friendly economies year after year by World Bank. Many factors have contributed to Singapore’s competitive edge: easy access to capital, strategic location, excellent infrastructure, ease of doing business etc. And one prominent factor is Singapore’s tax-friendliness.