Income tax will apply to NFT transactions: Wong

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lvlrsSTI

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11-03-2022, 09:16 PM

https://www.businesstimes.com.sg/governm...tions-wong

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lvlrsSTI

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11-03-2022, 09:18 PM

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Sentinel

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11-03-2022, 09:41 PM

Can paste whole article here?

No subscribe to Msm

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lvlrsSTI

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11-03-2022, 09:52 PM

(11-03-2022, 09:41 PM)Sentinel Wrote: Can paste whole article here?

No subscribe to Msm

Sorry I also never subscribed

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Tangsen

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11-03-2022, 10:18 PM

If no one declare and they cannot track …. how to tax?

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Galilo_l

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11-03-2022, 10:58 PM

https://www.channelnewsasia.com/watch/la...ns-2557261

https://news.coincu.com/71856-singapore-...x-on-nfts/

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lvlrsSTI

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11-03-2022, 11:56 PM

(11-03-2022, 10:18 PM)Tangsen Wrote: If no one declare and they cannot track …. how to tax?

All the NFT sites must share all the user accounts balance and transactions to local taxation office every year. Taxation office also share data among all countries to fight tax evasion and money laundering, all these were implemented in 2018, 90% of countries signed up.

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(This post was last modified: 11-03-2022, 11:58 PM by lvlrsSTI.)

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