The Taxation of Cryptocurrency Gains

(2021) 75(7) Bulletin for International Taxation 323-333

Posted: 2 Sep 2021 Last revised: 22 May 2023

See all articles by Vincent Ooi

Vincent Ooi

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

Date Written: July 13, 2021

Abstract

Taking Singapore as an example, this article lays out a series of tests for determining whether gains arising from the disposal of cryptocurrencies are trade or business income, “all other income” or capital gains. It also considers the possibility of a presumption that individuals engaging in such transactions are gambling.

Keywords: Taxation, Taxation Law, Tax Law, Cryptocurrencies, Digital Tokens

JEL Classification: K34, F38, H2, H20, H24, H25, H26, H27, H29

Suggested Citation

Ooi, Vincent, The Taxation of Cryptocurrency Gains (July 13, 2021). (2021) 75(7) Bulletin for International Taxation 323-333, Available at SSRN: https://ssrn.com/abstract=3903063

Vincent Ooi (Contact Author)

Singapore Management University - Yong Pung How 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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