🌏 Asia-Pacific
Crypto & taxes in Singapore
- Crypto capital gains (individuals)
- No capital gains tax
- When it becomes taxable
- If trading/business activity: taxed as income
- Income tax rate (if applicable)
- Progressive up to 24%
- Regulator
- MAS — Payment Services Act
Crypto regulation
Crypto is regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act, which governs Digital Payment Token (DPT) services such as exchange, transfer and custody. Since 30 June 2025, Singapore-incorporated firms serving overseas clients must also hold a DTSP licence under the Financial Services and Markets Act, a regime for which MAS has set the bar deliberately high.
Taxation
Singapore levies no general capital gains tax on individuals: gains from crypto held as an investment are untaxed, as confirmed by IRAS guidance updated in January 2026. This changes if the activity amounts to frequent trading, mining or a business, in which case proceeds become taxable income at progressive rates up to 24%.
Useful information
For residents holding crypto long-term the capital gains burden is zero, but it is essential to document the investment nature of transactions to avoid reclassification as trading. Anyone running a structured crypto business should assess MAS licensing obligations.