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Singapore
Asia
Taxable trade income at 0–24% (no CGT). The foreign-source exemption usually does NOT apply because the work is performed in Singapore, so profit is Singapore-sourced even if paid offshore. MediSave applies.
How it's classified
Self-employment / trade income ('net trade income') — not salary, not capital gains (Singapore has no CGT).
Tax rate
Resident progressive 0–24% (first S$20,000 tax-free, top 24% above S$1M).
Social contributions
No general social tax, but compulsory MediSave (CPF) once net trade income exceeds S$6,000.
Registration / regime
Register as a self-employed person/sole proprietor; declare net trade income in Form B. Self-assessment.
Crypto payouts
USDC is income at SGD value on receipt. No special crypto income tax — ordinary rules.
Sources
General information only — this is not tax or legal advice. Rules change and depend on your situation. Always confirm with a qualified tax professional in your country.
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