How is crypto taxed in Singapore?

Singapore does not tax capital gains, and that is the starting point for crypto tax there. Gains on crypto held as a long-term investment are generally not taxed. Gains are taxed when they are revenue in nature, for example when someone is trading, and crypto received for work or business counts as income.

Is there crypto capital gains tax in Singapore?

No. The IRAS guide on digital tokens, last updated on January 30, 2026, says gains from disposing of payment tokens are taxable only if they are revenue in nature. Gains on capital assets fall outside the tax.

Buying a payment token is not itself a taxable event. Selling it for Singapore dollars, or exchanging it for another token, produces a gain or loss whose treatment depends on whether the token was held as a capital or revenue asset.

When is crypto trading taxed in Singapore?

IRAS applies the "badges of trade", a set of tests, to decide whether someone is trading. The person's intention when buying the token is part of that assessment. A person found to be trading pays income tax on the profits at normal rates.

Where tokens were bought at different prices, IRAS accepts the first-in, first-out method or a weighted average cost, but not last-in, first-out.

What crypto income is taxed in Singapore?

Several kinds of receipt count as income under the IRAS guide:

• Payment for goods or services. IRAS treats this as barter. If the contract states a dollar amount, that amount is taxed. If it states a number of tokens, their value when the income accrues is taxed.
• Wages paid in tokens. These are taxable for the employee. If the tokens are locked up, the income is taxed when the lock-up ends.
• Mining. Individuals are generally treated as hobbyists, so gains are not taxed and costs are not deductible, unless the mining is a habitual and systematic effort to make profit. Companies are taxed on profits when mined tokens are sold.
• Airdrops. Tokens received for nothing are not taxed, but airdrops given in return for services are. The guide on whether crypto airdrops are taxable compares approaches elsewhere.

Tokens from a hard fork are not taxed on receipt, though later trading gains can be.

Is GST charged on crypto in Singapore?

Supplies of digital payment tokens have been exempt from goods and services tax since January 1, 2020. Using tokens to pay for goods or services is disregarded as a supply, although the seller still charges GST on what it sells.

Reporting is tightening. Singapore's Crypto-Asset Reporting Framework takes effect on January 1, 2027, and the first reports to IRAS, for 2027, are due by May 31, 2028. How Singapore licenses crypto firms is covered in crypto regulation around the world, and other countries' tax rules in crypto tax around the world.

Rules differ by country and change often. Check the tax authority or a qualified professional for your own situation.