Cómo declarar criptomonedas en Singapur
Singapore has no capital gains tax. If you buy cryptocurrencies as a long-term investment, you do not pay tax when selling them. IRAS only taxes gains when the activity is commercial, using the progressive tax table up to 24%.
Quick Tax Summary
- Tax type
- No capital gains tax; income if trading
- Tipo aplicable
- 0% for investors; 0% – 24% if activity is considered commercial
- Tax-exempt minimum
- Investment capital gains are exempt
- Crypto-to-crypto
- Not taxable for investors
- Staking y recompensas
- May be taxed as income
- Losses
- Deductible only if the activity is commercial
- Filing deadline
- April 15 (April 18 online)
- Formularios
- Form B1 or Form B
- Sanciones
- Fines and surcharges
- Autoridad fiscal
- Inland Revenue Authority of Singapore (IRAS)
When is it considered trading?
IRAS looks at frequency, holding period, and purpose. Payment tokens have also been exempt from GST since 2020. MAS licenses token service providers.
Regional context
Asia has very different regimes: from countries with no capital gains tax (Singapore, Hong Kong) to flat rates of 30% (India). Several countries are reforming their rules, so it is advisable to review the current regulations each year.
Before filing: have your history in order
The first step to a proper tax declaration is to download the complete transaction history from each platform you use. MiCA-licensed exchanges often provide ready-to-use annual reports, which significantly simplifies the filing process.
See exchanges with MiCA licenseFrequently Asked Questions
Other countries in the same region · Asia
This guide provides general information and does not constitute tax advice. Rules change frequently: always confirm details with your country's tax authority or a tax advisor.