![]() "IPM" are not tax exempted and will still be subject to GST (currently 7%). NumismaticĬoins, jewellery, gold / silver gift items or any bullion not defined as The tax exemptions are meant to encourage the trading and storage of physical investment grade bullionīut are limited to a clearly defined subset of the bullion market. The completed GST exemption rules have been published as an IRAS e-Tax Guide titled GST: Guide on Exemption of Investment Precious Metals (IPM). There are no capital gains taxes in Singapore so this page focuses purely on the Goods and Services Tax (GST) - similar to VAT- which applies upon import or purchase of bullion. Singapore tax authorities define non taxable bullion as "Investment Precious Metals" or "IPM" whereas taxable bullion is referred to as "non-IPM". Starting on 1 October 2012, certain investment grade gold, silver and platinum can be imported or sold GST To participate in Secured Peer-to-Peer Loans:Īre taxes due upon import / purchase of bullion in Singapore? Singapore Precious Metals & GST – Overview. ![]() Request Authentication (via Contact form).About DUX Authentication & The Genuinity Guarantee.
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