Crypto tax in Singapore
How is cryptocurrency taxed in Singapore?
Cryptocurrency is taxed as income in Singapore. However, long-term gains are exempt.
Common questions
- Are long-term crypto gains taxed in Singapore?
- No, long-term gains on cryptocurrency are exempt from tax in Singapore.
- What is the headline crypto tax rate in Singapore?
- The headline rate for crypto tax in Singapore is 24%.
- Does Singapore tax foreign income?
- Singapore operates a territorial tax system, meaning only income sourced within Singapore is generally taxed.
Singapore is crypto-friendly.
Treatment
taxed as ordinary income
Long-term
Tax-free
Headline rate
24%
For an individual relocating to Singapore, occasional buy‑and‑hold crypto gains are not taxed, but if your activity amounts to trading or a crypto business, profits are taxed as income at progressive rates up to about 24%.
“The tax treatment of transactions involving digital tokens (including cryptocurrencies) will depend on the purpose for which you are acquiring or using the digital tokens. Gains from the trading of digital tokens are taxable, while gains derived from the disposal of digital tokens that are capital in nature are not taxable.” — Inland Revenue Authority of Singapore (IRAS)
Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.