Singapore To Charge Income Tax On NFTs, Says Minister

Current income tax rules in Singapore will apply to transactions involving non-fungible tokens (NFTs), Finance Minister Lawrence Wong reportedly said on Friday. But their application will depend on the nature and use of the token. Specifically, individuals who depend on NFT transactions or trading as a source of income will be subject to deductions, The

The post Singapore To Charge Income Tax On NFTs, Says Minister appeared first on CoinGape.

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Singapore To Charge Income Tax On NFTs, Says Minister

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