Singapore taxes income gained from transactions by NFT

Registration income taxes in Singapore will be defined depending on character and NFT use. NFT taxation According to the last report of The Business Times, the minister of finance Singapore Vong Lourens in the appeal to parliament reported that existing rules income taxes will be applied to income gained from transactions with not interchangeable tokens (NFT) or trades by them. Vong Lourens explained that due to the lack of a mode of the taxation of the capital in Singapore the natural persons receiving a gain of the capital from transactions by NFT, will not be taxed . This news...