Crypto tax in Singapore in 2026
Singapore has no capital gains tax, so a private investor's crypto gains are not taxed. But trading as a business and being paid in coins are taxed on the scale up to 24%. Where the line is and what to expect from the bank.
| Item | In 2026 |
|---|---|
| Rate for individuals | 0% on an investor's gains |
| Trading as a business | income on the scale up to 24% |
| Coin-to-coin swap | not taxed for an investor |
| Sales tax | not charged on digital payment tokens |
| Wealth tax | none |
| Tax return | annual, if there is taxable income |
| Data exchange | collection from 2027, first exchange in 2028 |
Data checked 2026-10-06
Singapore has no capital gains tax, and the rule extends to crypto: if you buy coins as a long-term investment, the gain on selling them is not taxed. Since 2020 the supply of digital payment tokens has also been exempt from sales tax.
The line runs between investing and business. The Singapore tax authority looks at trade frequency, holding period and purpose: if trading looks like a business, gains are taxed as income on the progressive scale up to 24%.
Who pays crypto tax in Singapore
A Singapore tax resident is someone who stayed or worked in the country for 183 days or more in a calendar year. Residents pay tax on the progressive scale with reliefs, non-residents pay higher rates on Singapore income.
Foreign income received in Singapore by an individual is generally not taxed. Income from Singapore sources is taxed, including crypto trading carried on as a business from Singapore.
There is no wealth or inheritance tax, so the value of coins as such is not taxed in Singapore.
The date of moving and the change of residency should be documented carefully so that your previous country does not keep treating you as its tax resident. More on the Singapore taxes page.
How to calculate crypto income
For an investor the calculation is simple: gains from selling coins held as a long-term investment are not taxed, and neither is a coin-to-coin swap.
For trading as a business, tax is calculated on the year's profit: trade proceeds minus purchase prices and costs. Signs of a business are frequent trades, short holding, trading as the main occupation, borrowed money and an organised trading system.
If you are paid in crypto for goods, work or services, that is income at the coins' value on the date received, whether or not you sell them later.
| Situation | Calculation | Tax |
|---|---|---|
| An investor bought coins for $10,000 and sold two years later for $15,000 | capital gains are not taxed | $0 |
| Swapped a coin for another with a $3,000 gain | not taxed for an investor | $0 |
| Active trading as a business with a $100,000 profit | income on the scale, example average rate 10% | $10,000 |
| Paid $20,000 in crypto for consulting | income on the scale, example average rate 7% | $1,400 |
| Coins worth $500,000 at year end | no wealth tax | $0 |
Amounts in US dollars in 2026; average rates in the examples are illustrative, the total depends on the year's overall income.
In Singapore an investor's gains are untaxed until the trades look like a business
The usual mistake is the line between investing and trading: frequent trades, short holding, trading as the main occupation or being paid for work in crypto make income taxable on the scale. The second risk is the bank: Singapore banks check the origin of crypto strictly and close accounts without explanation. We assess your trading profile, prepare records and a source of funds explanation for the bank and, if needed, the tax return.
The cost of support depends on the number of trades and platforms; a manager will calculate it in the chat.
Mining and staking
Mining and staking are taxed if they are a business: income is then the value of the coins received, and equipment and electricity costs are deducted.
An investor's occasional rewards are usually not treated as a business, but recording the coins' value on the date received is still needed - it shows the purchase price on a later sale.
If a salary or fee is paid in crypto, that is income on the ordinary scale.
Cashing out crypto and moving it to a bank
You can sell crypto for Singapore dollars through platforms licensed by the Monetary Authority of Singapore and withdraw the money to a local bank account. The withdrawal itself is not taxed.
Singapore banks are among the strictest: they ask for trade statements, the platform agreement and proof of where the first coins came from, and close accounts if in doubt.
The more detailed your trade records, the easier it is to prove the lawful origin of the money to the bank and the investment nature of holding to the tax office.
Crypto account data sharing
Singapore is introducing the crypto-asset reporting standard of the Organisation for Economic Co-operation and Development: platforms collect trade data from 2027, and the first reports for 2027 are due by 31 May 2028.
For holders this means trades by residents of other countries on Singapore platforms will become visible to those countries' tax authorities.
If you are still a tax resident of another country, Singapore coins must be declared there under local rules.
Licences for crypto companies in Singapore
Companies that exchange or hold clients' digital payment tokens operate under a licence from the Monetary Authority of Singapore. Since 30 June 2025 a licence is also required for Singapore companies serving only overseas clients, and it is issued very rarely.
A Singapore company's profit is taxed at 17% with a partial exemption on the first amounts of profit. A comparison of countries for a licence is in our article on the crypto licence.
An international project without Singapore clients usually finds a licence in another country more convenient, and a Singapore company is set up for a holding or a related business.
Murblz sets up crypto companies and licences in these services: crypto licence: countries and costs, crypto licence in Estonia, BVI company with a virtual asset service provider licence.
This topic in other countries
Crypto tax in other countries:
- Crypto tax in Kazakhstan in 2026
- Crypto tax in Germany in 2026
- Crypto tax in the USA in 2026
- Crypto tax in Belarus in 2026
- Crypto tax in Poland in 2026
- Crypto tax in Georgia in 2026
- Crypto tax in the UAE in 2026
- Crypto tax in Portugal in 2026
- Crypto tax in Turkey in 2026
- Crypto tax in Serbia in 2026
- Crypto tax in Kyrgyzstan in 2026
- Crypto tax in Cyprus in 2026
- Crypto tax in Italy in 2026
- Crypto tax in France in 2026
- Crypto tax in Spain in 2026
- Crypto tax in Switzerland in 2026
- Crypto tax in Thailand in 2026
- Crypto tax in Argentina in 2026
- Crypto tax in Brazil in 2026
- Crypto tax in El Salvador in 2026
- Crypto tax in the United Kingdom in 2026
- Crypto tax in Estonia in 2026
- Crypto tax in the Czech Republic in 2026
- Crypto tax in Malaysia in 2026
- Crypto tax in Panama in 2026
- Crypto tax in Paraguay in 2026
- Crypto tax in Uruguay in 2026
- Crypto tax in Canada in 2026
- Crypto tax in Lithuania in 2026
- Crypto tax in Latvia in 2026
Taxes, relocation and business in this country:
Where crypto is not taxed at all is covered in countries with no crypto tax.
FAQ
Is crypto taxed in Singapore?
Is swapping one crypto for another taxed in Singapore?
When is crypto trading a business in Singapore?
Is there sales tax on crypto in Singapore?
How are mining and staking taxed in Singapore?
Who is a Singapore tax resident?
Will tax authorities know about crypto on Singapore exchanges?
Do crypto businesses in Singapore need a licence?
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