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For example, the tax guide clarifies procedures for more obscure crypto events. The tax authority Inland Revenue Authority of Singapore (IRAS) will not impose income taxes on the airdropped payment tokens or those that come from a blockchain hard fork, which is a “windfall”.

It is important to remember that, like other payment tokens, nontraditionally delivered cryptos does not fall into the category. As a result, the tax will apply to nontraditionally delivered cryptos when it comes to transactions.

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