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Singapore Wants to Drop VAT for Transacting in Cryptocurrencies

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  • Singapore Wants to Drop VAT for Transacting in Cryptocurrencies

    Singapore plans to exempt cryptocurrencies that are intended to function as a medium of exchange from Goods and Services Tax (GST) — the local equivalent of Value-Added Tax (VAT). The news was revealed in a draft e-tax guide published by the Inland Revenue Authority of Singapore (IRAS) on July 5. The proposed exemption, if accepted, […]

    See the full article on CryptoPost.com...
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