Singapore: No Income Tax on Cryptocurrency Airdrops and Hard Fork Tokens, IRAS Says

Also, payment tokens and cryptocurrencies obtained from a blockchain’s hard fork will not be taxed … In other jurisdictions, tax offices have modified their regulatory schemes to include cryptocurrency taxation policies. As previously reported by BTCManager, South Korea planned to implement a 20 percent income tax on profits made from …Also, payment tokens and cryptocurrencies obtained from a blockchain’s hard fork will not be taxed … In other jurisdictions, tax offices have modified their regulatory schemes to include cryptocurrency taxation policies. As previously reported by BTCManager, South Korea planned to implement a 20 percent income tax on profits made from …Read More