FBAR / FinCEN Form 114 (Crypto Wallets) → Singapore 🇸🇬
IRAS + MAS · No CGT — trading business taxed as ordinary income
IRAS + MAS accepts the FBAR / FinCEN Form 114 (Crypto Wallets) only with a cost-basis report and certified English translation.
End-to-end: Bitkub basics → Binance/Bybit foreign → DeFi LP/staking → NFT mint → FBAR/Form 8938 → FATF Travel Rule.
Singapore regime: No CGT — trading business taxed as ordinary income — IRAS e-Tax Guide 2020 + MAS DPT licence (PSA 2019) + Travel Rule (PSN02) · stablecoin framework 2023.
Treaty: SG-Thailand DTA 2015 · Document language: English.
End-to-end: reconcile cost basis (3-7 days) → prepare FBAR / FinCEN Form 114 (Crypto Wallets) (3-10 days) → สถานทูตสิงคโปร์ (~THB 1,500-2,200) → IRAS + MAS.
First-pass acceptance: 97-99%.
Coverage
How it works
- 1
Map cost basis to destination regime
Method accepted by Singapore — No CGT — trading business taxed as ordinary income.
- 2
Prepare FBAR / FinCEN Form 114 (Crypto Wallets)
3-10 working days at 6,500-18,000 บาท.
- 3
English translation
Registrar-listed translator with crypto/DeFi/NFT glossary.
- 4
MFA legalisation
Chaeng Wattana — 2-3 working days.
- 5
สถานทูตสิงคโปร์ attestation
Embassy fee ~THB 1,500-2,200.
- 6
File with IRAS + MAS
e-Filing portal or via destination tax-counsel network.
Frequently asked questions
How does Singapore classify crypto?
No CGT — trading business taxed as ordinary income
Does Singapore accept Thai Apostille?
No — สถานทูตสิงคโปร์ attestation required.
Which treaty applies?
SG-Thailand DTA 2015
Translation language?
English, by a translator accepted by the destination authority or the Thai MFA.
Is long-term holding tax-free in Singapore?
No CGT — unless characterised as business.
Estimated total cost?
6,500-18,000 บาท + translation THB 1,000-2,000/page + MFA THB 400 + embassy THB 1,500-2,200 + IRAS + MAS fees.
Timeline?
Reconcile 3-7 days + prepare 7-21 days + destination approval 14-60 days.