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High stakes: Singapore’s taxation approach to token rewards in proof-of-stake blockchain protocols

23 Sep 2022

This update seeks to provide an introduction to Singapore’s stance on the taxation of staking rewards for validators in POS networks, and how the Inland Revenue Authority of Singapore’s position differs from the approach taken by the Internal Revenue Service in the United States.

Please click here to read the update.

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Ong Ken Loon

Head, Tax & Private Client Services

Chua Tju Liang

Head, Blockchain & Digital Assets

Director, Corporate & Finance

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