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Showing 5 of 5 results by blacklionfounder
Re: [ANN] Minereum - 🔥 🚀 Minereum Polygon AIRDROP IS LIVE! 🚀
5. Like in BSC, the Polygon version will have the mechanism that if a Genesis Address Level 1 receives a transaction with MNEP, it gets automatically destroyed and converted to a normal address with the balance that it was sent to it. Also users can manually destroy their Genesis Addresses Level 1 (only MNEP coins affected).
This little detail is what's stopping me from investing in this project (via upgrade to Level 3).
Re: OFFERING $10K for 15% EQUITY in Bitcoin Exchange
Hi sanbel,
I sent you a PM, I look forward to corresponding with you. I am also running a Blockchain Mastery course.
My company will be selling pre-configured USB wallets in addition to the above course.
It will cover basic (To us, at least), security protocols, anonymity and transacting with blockchain assets on exchanges. Stuff we take for granted.
I sent you a PM, I look forward to corresponding with you. I am also running a Blockchain Mastery course.
My company will be selling pre-configured USB wallets in addition to the above course.
It will cover basic (To us, at least), security protocols, anonymity and transacting with blockchain assets on exchanges. Stuff we take for granted.
Re: OFFERING $10K for 15% EQUITY in Bitcoin Exchange
https://www.iras.gov.sg/irashome/GST/GST-registered-businesses/Specific-business-sectors/e-Commerce/
Buying Goods or Services Using Virtual Currencies
When you use virtual currencies to pay for goods or services, the transaction will be considered as a barter trade.
There are two supplies made - one by the supplier who supplies the goods and services, and another by you who use virtual currencies to pay the supplier.
GST will need to be charged on each supply if the respective supplier is GST-registered.
However, if you use virtual currencies to pay a supplier belonging outside Singapore, you need not charge GST as the supply will be zero-rated.
As a concession, if you use virtual currencies to buy virtual goods or services within the gaming world, you need not charge GST until they are exchanged for real monies, goods or services.
Edit: Another URL: http://www.moneysense.gov.sg/Understanding-Financial-Products/Investments/Consumer-Alerts/Virtual-Currencies.aspx
TL;DR
Tax treatment for GST registered Exchanges (>1m revenue) is if a Buyer is registered in Singapore, VAT/GST is applicable.
Buying Goods or Services Using Virtual Currencies
When you use virtual currencies to pay for goods or services, the transaction will be considered as a barter trade.
There are two supplies made - one by the supplier who supplies the goods and services, and another by you who use virtual currencies to pay the supplier.
GST will need to be charged on each supply if the respective supplier is GST-registered.
However, if you use virtual currencies to pay a supplier belonging outside Singapore, you need not charge GST as the supply will be zero-rated.
As a concession, if you use virtual currencies to buy virtual goods or services within the gaming world, you need not charge GST until they are exchanged for real monies, goods or services.
Edit: Another URL: http://www.moneysense.gov.sg/Understanding-Financial-Products/Investments/Consumer-Alerts/Virtual-Currencies.aspx
TL;DR
Tax treatment for GST registered Exchanges (>1m revenue) is if a Buyer is registered in Singapore, VAT/GST is applicable.
Re: OFFERING $10K for 15% EQUITY in Bitcoin Exchange
I'm interested.
We're based in Singapore and registered as a trading company. Singapore currently considers blockchain assets as a tax exempt asset similar to precious metals.
We're based in Singapore and registered as a trading company. Singapore currently considers blockchain assets as a tax exempt asset similar to precious metals.