Do i have to declare taxs for earnings from crowd funding platform such as seedin? If no, is there a cap for earnings before i have to declare them in my tax form? - Seedly

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Asked by Anonymous

Asked on 05 May 2019

Do i have to declare taxs for earnings from crowd funding platform such as seedin? If no, is there a cap for earnings before i have to declare them in my tax form?

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Ang Yee Gary
Ang Yee Gary, Medicine at National University Of Singapore
Level 3. Wonderkid
Answered on 11 May 2019

I can't post the link but they use the term invest loosely. U actually lend to sme so your returns are interest income and u have to report it. In singapore just report it and if your total assessable income is less than 20k then no tax is paid.

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