BumpySirenNov 27, 2021 · 3 years ago5 answers What are the tax implications of using SGD money to trade cryptocurrencies?
I would like to know more about the tax implications of using Singapore Dollar (SGD) money to trade cryptocurrencies. How does the Singaporean tax system treat cryptocurrency trading? Are there any specific regulations or guidelines that I need to be aware of? What are the tax rates and reporting requirements for cryptocurrency traders in Singapore? Can I offset any losses incurred from cryptocurrency trading against my taxable income? I want to ensure that I am compliant with the tax laws while trading cryptocurrencies in Singapore.