Cryptocurrency

“Considering the high influx of cryptopreneurs and boom in the cryptocurrency market, understanding the tax and regulatory implications on such transactions is key. Singapore has adopted a crypto-enabling environment and has provided much needed clarity on transacting in cryptocurrencies and mining. The attached alert summarizes the income tax and GST implications in Singapore on transactions related to Cryptocurrency.

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doing business in singapore

Stamp Duty

This article summarises the applicability of stamp duty in Singapore on immovable properties and shares. It also details out the rate of stamp duty and the due date for stamping under various scenarios. This article also provides guidance on applicability of stamp duty in case of entities which primarily holds immovable properties (‘property holding entity’). This article also provides the circumstances under which stamp duty reliefs are provided which otherwise would be dutiable.

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doing business in singapore

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