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Anonymous

24 Mar 2021

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Do i have to pay withholding tax if i buy BTC and ETH from Binance and decide to cash out?

Do i have to pay withholding tax?

Binance Singapore Crypto Exchange

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Liew Jia Jun

24 Mar 2021

Community Manager at Crypto.com

No tax for buying cryptocurrency as a retail investor as far as I know. There is no capital gains tax in Singapore as well.

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Chris

23 Mar 2021

Owner and Writer at Tortoisemoney.com

Nope, you will only have to pay the transaction fees.

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Binance Singapore Crypto Exchange

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TAKER FEES (FIAT)

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WITHDRAWAL FEES (FIAT)

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Related Posts

Which exchange to use for buying mainly BTC and ETH?Any comparison with Kraken Vs Binance SG and CoinHako?

If I made over a million in crypto and decide to cash out, do I need to pay any taxes?

I want to buy a HDB that is about 600K and I have 500k on hand. Should I pay all in cash & loan the rest? Or will my CPF be automatically wiped out first before I can pay in cash? is it worth to pay cash?

How do you pay your taxes to optimize returns? I saw some using Cardup, or other combinations of credit cards to pay their taxes. I have Amex True cash back card, Citibank Cashback+,SC and GPMC cards

I have BTC and ETH in Binance SG. As Binance is closing on 13 Feb, what can I do to retain my holdings instead of selling on Binance before 13 Feb? Pls advise, thank you!

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