Singapore
No capital gains tax for individual investors. Becomes taxable (0-24%) only if IRAS classifies your activity as business/trading income based on frequency, intent, and 'badges of trade'.
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Not allowed
CARF Status
Second Wave (2028)
Bitizenship
Not yet
CARF Reporting
Second Wave (2028)
Singapore has committed to the second wave of CARF implementation, expected by 2028. This will require crypto exchanges and custodians to report user activity to tax authorities.
Tax Rates
Activity Taxes
Staking
Taxable as business income if part of business activity
Mining
Taxable as business income
DeFi
Case-by-case; likely taxable if frequent/business-like
NFTs
Case-by-case based on intent
Taxable Events
Crypto → Fiat
Not taxable
Crypto → Crypto
Not taxable
Holding Period
No holding period benefit
No specific holding period benefit; intent-based classification
Regulation & Residency
Regulatory Body
MAS (Monetary Authority of Singapore); IRAS for tax
Residency Requirement
Various schemes: Employment Pass, EntrePass, GIP ($10M+ for family offices)
Reporting Requirements
Must report if classified as business income; CARF second-batch 2028
Citizenship & Residency Path
PR via Global Investor Programme ($10M+); citizenship after 2+ years PR
Resilience & Plan B
Jurisdictional Resilience
How well-equipped this jurisdiction is for a crypto holder who wants stability, access, and protection.
JRS
Institutions (25%), banking (20%), tax clarity (20%), business (15%), privacy (10%), geopolitical (10%). Full methodology →
Plan B Readiness
How fast you can go from “I want to move” to “I’m a tax resident with banking and optionality.”
PBR
Business ease (25%), citizenship path (20%), dual nationality, quality of life & safety (15% each), Bitizenship (10%). Full methodology →
Notable Conditions
- →IRAS uses 'badges of trade' to determine if activity is investment vs. business
- →Buy-and-hold investors are tax-free; frequent traders may be taxed
- →No specific threshold - assessed on case-by-case basis
- →Crypto businesses face standard 17% corporate tax
- →GST exemption on crypto since Jan 2020
- →Losses can be offset if activity is classified as taxable
Living & Lifestyle
Cost of Living
Very High
Banking Access
Excellent (world-class financial hub)
Quality of Life
Very High
Lifestyle Scores