Income Tax Treatment of Digital Tokens
The income tax consequences of a digital token transaction depend on the type of digital token involved. The IRAS e-tax Guide covers three types of digital tokens: (i) payment tokens; (ii) utility tokens; and (iii) security tokens.
For further inquiries regarding this alert, please contact:
| Irving Aw Co-Founder and Principal, Taxise Asia LLC [email protected] +65 6304 5367 |
Sam Sim Co-Founder and Senior Of Counsel, Taxise Asia LLC [email protected] +65 6304 7977 |
