Capital Gains Tax Singapore – A Practical Guide

When dealing with capital gains tax Singapore, the tax levied on profit from selling assets such as stocks, property, or crypto. Also known as CGT Singapore, it is administered by the IRAS, the Inland Revenue Authority of Singapore, which sets the rules and collects any dues. Understanding CGT is crucial because it determines how much of your earnings you keep after a sale.

One of the biggest questions investors ask is how cryptocurrency tax, the treatment of digital assets for tax purposes fits into the CGT framework. In Singapore, crypto profits are generally considered taxable if you’re trading as a business, while casual holders may be exempt. This creates a clear link: capital gains tax Singapore encompasses cryptocurrency tax rules, so knowing whether your activity is deemed a hobby or a business changes your liability.

Key Concepts to Know

Another pillar of the CGT picture is tax residency, the status that decides which jurisdiction’s tax laws apply to you. If you’re a Singapore tax resident, worldwide gains may be subject to local rules, while non‑residents only face tax on Singapore‑sourced income. This relationship means that tax residency directly influences how capital gains tax Singapore is calculated and reported.

Once you know your residency status and whether your crypto activity is taxable, the next step is tax filing, the annual process of submitting income and gains to IRAS. The filing deadline, usually April 15 for individuals, determines when any CGT owed must be declared. Missing the deadline can trigger penalties, so aligning your filing schedule with your trading calendar is essential. In short, tax filing ties together the concepts of residency, crypto tax, and CGT, creating a chain of compliance steps.

Practical tips matter too. Keep detailed records of purchase dates, sale dates, and amounts for every asset—whether it’s a share, a property, or a token. These records feed directly into the CGT calculation, helping you prove the cost basis and any allowable deductions. Many traders use spreadsheet tools or dedicated tax software that can import exchange data, making the process smoother and reducing the risk of errors.

Below you’ll find a curated list of articles that break down each of these pieces in depth—from how IRAS views crypto trading to step‑by‑step filing guides and residency checklists. Whether you’re a casual investor or a professional trader, the insights here will help you stay compliant and keep more of your earnings.