Adapting Taxation for the Digital Economy in Singapore

(2021) 27(1) Asia-Pacific Tax Bulletin 1-10

Posted: 16 Feb 2021 Last revised: 4 Mar 2021

See all articles by Vincent Ooi

Vincent Ooi

Singapore Management University - School of Law; Singapore Management University - Centre for AI & Data Governance

Date Written: January 29, 2021

Abstract

The advent of the digital economy has had profound implications for taxation. Tax systems have been forced to adapt as they become increasingly unsuited for the realities of modern commerce. While Singapore has largely followed international developments, particularly in the area of international taxation, it has often made numerous innovative policy decisions in line with its national interests. The various policy decisions which Singapore has made on taxing the digital economy span both international and domestic tax. In the area of domestic tax, the examples have been further divided by subject matter, like e-commerce, digital tokens, automation, and electronic instruments. Other jurisdictions will face similar choices when considering how to adapt their domestic tax systems for the digital economy, and the tax policy decisions made by a small, highly-open economy such as Singapore may provide insights to jurisdictions seeking to adapt their tax systems for the digital economy.

Keywords: Taxation Law, Digital Taxation, Singapore

Suggested Citation

Ooi, Vincent, Adapting Taxation for the Digital Economy in Singapore (January 29, 2021). (2021) 27(1) Asia-Pacific Tax Bulletin 1-10, Available at SSRN: https://ssrn.com/abstract=3775396

Vincent Ooi (Contact Author)

Singapore Management University - School of Law ( email )

55 Armenian Street
Singapore, 179943
Singapore

HOME PAGE: http://vincentooi.com

Singapore Management University - Centre for AI & Data Governance ( email )

55 Armenian Street
Singapore
Singapore

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