The waiver would level the playing field in terms of taxation between digital payment tokens like bitcoin (pictured) and conventional money, industry players have said. Photo: Reuters The waiver would level the playing field in terms of taxation between digital payment tokens like bitcoin (pictured) and conventional money, industry players have said. Photo: Reuters
The waiver would level the playing field in terms of taxation between digital payment tokens like bitcoin (pictured) and conventional money, industry players have said. Photo: Reuters
Business /  Banking & Finance

Singapore’s move to waive sales tax on digital payment tokens will spur innovation, boost cryptocurrency exchanges, says PwC

  • Government’s proposal to exempt digital tokens from sales tax will benefit cryptocurrency exchanges, asset managers and entrepreneurs, says PwC
  • The move will narrow the gap between Singapore and Hong Kong in being a tax-friendly jurisdiction for the digital economy

Topic |   Digital currencies
Georgina Lee
Georgina Lee

Updated: 6:30am, 29 Jul, 2019

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The waiver would level the playing field in terms of taxation between digital payment tokens like bitcoin (pictured) and conventional money, industry players have said. Photo: Reuters The waiver would level the playing field in terms of taxation between digital payment tokens like bitcoin (pictured) and conventional money, industry players have said. Photo: Reuters
The waiver would level the playing field in terms of taxation between digital payment tokens like bitcoin (pictured) and conventional money, industry players have said. Photo: Reuters
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