Singapore again leads the region into new technology. In a press release today, David Moskowitz (owner of Coin Republic) explains that his company received very positive news from Singapores tax authorities (IRAS) pertaining to the guidance on handling capital gains, earnings, and even GST (sales tax) on bitcoin exchanges and bitcoin related sales.
http://www.cryptocoinsnews.com/2014/01/08/sinagapore-recognizes-bitcoin-gives-guidance/