Singapore Won’t Tax Airdrops or Hard Forks Under New Crypto Guidance

Singapore’s tax authority will not take a cut of airdropped cryptocurrency so long as the recipient gets it for free, according to an income tax treatment guide published Friday. The Inland Revenue Authority of Singapore (IRAS)’s new e-tax guide, published Friday, filled in the tax gaps for so-called “digital tokens,” a catchall for three crypto […]

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