INSIGHT: Singapore—New Guidance on GST Treatment of Digital Payment Tokens

INSIGHT: Singapore-New Guidance on GST Treatment of Digital Payment Tokens

Singapore is introducing new guidance in its move to position itself as a blockchain and cryptocurrency innovation hub. With the aim of providing tax certainty, the GST regulations have been refined and updated. Sivakumar Saravan and Liew Kin Meng of Crowe Singapore look at the new provisions and what they mean for digital payments and blockchain innovation in Singapore.