Singapore imposes a goods and services tax (GST) on any fees when you buy, sell, or engage in crypto-to-crypto transactions (convert). Coinbase will pay the GST to the Inland Revenue Authority of Singapore (IRAS).
The GST amount will be shared with you in your transaction information.
There are a few ways GST can be applied to you:
Buy crypto with local currency
7% of the fee of the buy transaction
Sell crypto with local currency
7% of the fee of the sell transaction
7% of the fee
To download your invoice for Coinbase Advanced Trade:
Select Orders under Order management.
Select Download Statements by the Order history section.
Select Singapore GST Invoice from the drop-down menu.
Select your report timeframe and the specific assets. (optional)
Select Generate Report to create a CSV or PDF file.