Singapore Recognizes Bitcoin and Gives Tax Guidance

[eatrader]

Singapore again leads the region into new technology.  In a press release today, David Moskowitz (owner of Coin Republic) explains that his company received very positive news from Singapore’s tax authorities (IRAS) pertaining to the guidance on handling “capital gains, earnings, and even GST (sales tax) on bitcoin exchanges and bitcoin related sales.”





http://www.cryptocoinsnews.com/2014/01/08/sinagapore-recognizes-bitcoin-gives-guidance/

[Bitcoinpro]

Singapore again leads the region into new technology.  In a press release today, David Moskowitz (owner of Coin Republic) explains that his company received very positive news from Singapore’s tax authorities (IRAS) pertaining to the guidance on handling “capital gains, earnings, and even GST (sales tax) on bitcoin exchanges and bitcoin related sales.”





http://www.cryptocoinsnews.com/2014/01/08/sinagapore-recognizes-bitcoin-gives-guidance/

likley given by someone unqualified to make the statements

[Dodgers]

Singapore again leads the region into new technology.  In a press release today, David Moskowitz (owner of Coin Republic) explains that his company received very positive news from Singapore’s tax authorities (IRAS) pertaining to the guidance on handling “capital gains, earnings, and even GST (sales tax) on bitcoin exchanges and bitcoin related sales.”





http://www.cryptocoinsnews.com/2014/01/08/sinagapore-recognizes-bitcoin-gives-guidance/

David is actually very well known in the Bitcoin world in Singapore.
I have used Coin republic a few times, and David is a good guy

[Dafar]

I hope Hong Kong follows too, it would make sense for China to be cautious about bitcoin for now but allow HK to be the forefront of this tech and see how it plays out.


I'd love to work in a bitcoin startup for a few years in Singapore or HK

[LiteCoinGuy]

well done david!

[Dodgers]

I hope Hong Kong follows too, it would make sense for China to be cautious about bitcoin for now but allow HK to be the forefront of this tech and see how it plays out.


I'd love to work in a bitcoin startup for a few years in Singapore or HK

We have a thriving BTC community out here, and Singapore only narrowly lost out to HK in receiving the first ATM.

I also know a few people that are making some big in-roads into Macau... considering the 17million Chinese mainlanders that come each year to "speculate" at the casino's..... this could be very interesting.....

[Bitcoinpro]

I hope Hong Kong follows too, it would make sense for China to be cautious about bitcoin for now but allow HK to be the forefront of this tech and see how it plays out.


I'd love to work in a bitcoin startup for a few years in Singapore or HK

We have a thriving BTC community out here, and Singapore only narrowly lost out to HK in receiving the first ATM.

I also know a few people that are making some big in-roads into Macau... considering the 17million Chinese mainlanders that come each year to "speculate" at the casino's..... this could be very interesting.....

what are the fees for the ATM's and the price margin from the exchanges

[Dodgers]

I hope Hong Kong follows too, it would make sense for China to be cautious about bitcoin for now but allow HK to be the forefront of this tech and see how it plays out.


I'd love to work in a bitcoin startup for a few years in Singapore or HK

We have a thriving BTC community out here, and Singapore only narrowly lost out to HK in receiving the first ATM.

I also know a few people that are making some big in-roads into Macau... considering the 17million Chinese mainlanders that come each year to "speculate" at the casino's..... this could be very interesting.....

what are the fees for the ATM's and the price margin from the exchanges

From what I understand the fees are set by the operators of the ATMs.. I spoke briefly with Jordan (CEO of Robocoin), But if you are genuinely interested i can send you the information I have.

[David-M]

Thanks for posting the link.

I certainly don't want to come across as a tax expert and was careful not to give advice!!!
That's why I posted the emails sent to me from IRAS. Perhaps I should make it clear that the summary of email is the IRAS actual emails.

My original press release is here:
http://coinrepublic.com/singapore-tax-authorities-iras-recognize-bitcoin-and-gives-guidance/

David

[Bitcoinpro]

I hope Hong Kong follows too, it would make sense for China to be cautious about bitcoin for now but allow HK to be the forefront of this tech and see how it plays out.


I'd love to work in a bitcoin startup for a few years in Singapore or HK

We have a thriving BTC community out here, and Singapore only narrowly lost out to HK in receiving the first ATM.

I also know a few people that are making some big in-roads into Macau... considering the 17million Chinese mainlanders that come each year to "speculate" at the casino's..... this could be very interesting.....

what are the fees for the ATM's and the price margin from the exchanges

From what I understand the fees are set by the operators of the ATMs.. I spoke briefly with Jordan (CEO of Robocoin), But if you are genuinely interested i can send you the information I have.

everyone is interested transferring money of exchanges is not cheap or fast