Exempting digital payment tokens from GST

In recognition of global developments and growth in the use of cryptocurrencies, Singapore has provided for Goods and Services Tax (GST) exemptions for digital payment tokens that satisfy certain criteria.

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For further inquiries regarding this alert, please contact:

Eugene Lim
Co-Founder and Principal, WTS Taxise
eugene.lim@TaxiseAsia.com
Benedict Teow
Trainee, WTS Taxise
benedict.teow@TaxiseAsia.com