How is cryptocurrency taxed in Singapore?

In Singapore, cryptocurrency gains are taxed as income.

“Individuals who derive income from trading in digital tokens, or from providing services in exchange for digital tokens, are liable to pay income tax on such income. Individuals who hold digital tokens for long-term investment purposes may not be taxed on gains derived from the disposal of such digital tokens, as Singapore does not have a capital gains tax regime.”

This reflects guidance from Inland Revenue Authority of Singapore (IRAS), as of 2024-02-15.

See the full Singapore crypto policy profile for legal status, VASP licensing, stablecoin rules and more — or compare Singapore with another country. New to the categories? Read how crypto is taxed, explained.

Data basis: Inland Revenue Authority of Singapore (IRAS), as of 2024-02-15