New Guidance on GST Treatment of Digital Payment Tokens
Singapore has introduced new GST guidance in its move to position itself as a blockchain and cryptocurrency innovation hub. With the aim of providing tax certainty, the GST rules relating to digital payment tokens have been refined and updated.
To learn more about the new provisions and what they mean for digital payments and blockchain innovation in Singapore, read the article, “INSIGHT: Singapore – New Guidance on GST Treatment of Digital Payment Tokens”, written by Crowe Singapore’s Senior Tax Partner, Sivakumar Saravan and Associate Director for Tax Services, Liew Kin Meng, available on Bloomberg Tax.