Singapore Proposes to Kill Double Taxation (GST) on Cryptocurrencies24

The Inland Revenue Authority of Singapore is proposing to end the Goods and Services Tax that is imposed on cryptocurrencies. Under the existing rules, users of cryptocurrencies are taxed twice when they use them to pay for goods and services. This is because the IRAS treats such a transaction as a barter trade that results […]

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Original source
https://www.ccn.com/crypto/singapore-kill-double-taxation-cryptocurrencies/2019/07/08/

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