Revenue or remuneration received in the form of virtual currencies, such as Bitcoins, is subject to normal income tax rules. If the receipt is revenue in nature, it will be taxable; if it is capital in nature, it will not be taxable.
Why you should outsource your bookkeeping in Singapore?
In Singapore, is property tax based on purchase price?
When are corporate income tax returns due in Singapore?
Who pays for Goods and Services Tax (GST) in Singapore?
How long do you have to pay property taxes in Singapore?
What happens if you can’t pay property tax in Singapore?
Where to file small business taxes in Singapore?
Are business moving expenses tax deductible in Singapore?
Which payroll taxes are paid by employers in Singapore?
What is the primary purpose of financial accounting in Singapore?