{"id":1409,"date":"2019-11-19T16:54:41","date_gmt":"2019-11-19T08:54:41","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=1409"},"modified":"2020-01-23T17:13:27","modified_gmt":"2020-01-23T09:13:27","slug":"iras-e-tax-guide-gst-digital-payment-tokens","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2019\/11\/19\/iras-e-tax-guide-gst-digital-payment-tokens\/","title":{"rendered":"IRAS e-Tax Guide GST: Digital Payment Tokens"},"content":{"rendered":"\n<p>On or about 19 November 2019, the Inland Revenue Authority of Singapore (IRAS) has published the first edition of e-Tax Guide GST: Digital Payment Tokens.<\/p>\n\n\n\n<p>This first edition of e-Tax Guide sets out the GST treatment of transactions involving digital tokens or cryptocurrencies that function or are intended  to function as a medium of exchange (\u201cdigital payment tokens\u201d), which will take effect from 1 January 2020.  <\/p>\n\n\n\n<p>It is essential to businesses that transact in digital payment tokens, including: <\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>buying and selling digital payment tokens; or <\/li><li>using digital payment tokens as payment\/consideration; or <\/li><li>making loans of digital payment tokens; or <\/li><li>charging a fee or commission to facilitate the transfer, purchase or sale of digital payment tokens; or <\/li><li>issuing digital payment tokens, such as through an Initial Coin Offering (ICO).<\/li><\/ol>\n\n\n\n<p>For more information, please visit the IRAS website.<\/p>\n\n\n\n<p>Source: IRAS website, 19 November 2019<\/p>\n\n\n<p><!--EndFragment--><br>\n<br>\n<\/p>","protected":false},"excerpt":{"rendered":"<p>On or about 19 November 2019, the Inland Revenue Authority of Singapore (IRAS) has published the first edition of e-Tax Guide GST: Digital Payment Tokens. This first edition of e-Tax Guide sets out the GST treatment of transactions involving digital tokens or cryptocurrencies that function or are intended to function as a medium of exchange [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9,6],"tags":[],"class_list":["post-1409","post","type-post","status-publish","format-standard","hentry","category-gst","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=1409"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1409\/revisions"}],"predecessor-version":[{"id":1410,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1409\/revisions\/1410"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=1409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=1409"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=1409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}