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.

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For further inquiries regarding this alert, please contact:

Irving Aw
Co-Founder and Principal, Taxise Asia LLC
Irving.Aw@TaxiseAsia.com
+65 6304 5367
Sam Sim
Co-Founder and Senior Of Counsel, Taxise Asia LLC
Sam.Sim@TaxiseAsia.com
+65 6304 7977