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.
GST scenarios
There are a few ways GST can be applied to you:
Scenario | GST | Details |
|---|---|---|
Buy crypto with local currency | Yes | 8% of the fee of the buy transaction |
Sell crypto with local currency | Yes | 8% of the fee of the sell transaction |
Crypto-to-crypto transaction | Yes | 8% of the fee |
To download your invoice for Coinbase Advanced:
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.