Singapore’s Inland Revenue Authority Says it Won’t Collect Taxes on Cryptocurrency Airdrops or Hard Forks

April 20, 2020 @ 7:58 am By Omar Faridi |

Singapore’s tax authority, the Inland Revenue Authority of Singapore (IRAS), confirmed that it will not be collecting taxes on airdropped cryptocurrency, provided that the recipients get them for free. As noted in an income tax treatment guide, released on April 17, 2020, the IRAS clarified… Read More

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Read more in: Asia, Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged airdrops, crypto-assets, digital assets, digital tokens, hard forks, icos, ieos, security tokens, singapore, stos, tax guidelines, taxes, tokens, utility tokens