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

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Anonymous

24 Mar 2021

βˆ™

Cryptocurrency

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?

Discussion (3)

What are your thoughts?

Liew Jia Jun

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.

Chris

Chris

23 Mar 2021

Owner and Writer at Tortoisemoney.com

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

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