IRAS e-Tax Guide on GST: Guide on Exemption of Investment Precious Metals (IPM) (Eighteenth Edition)

This e-Tax Guide provides details on the GST exemption of investment gold,silver and platinum. It is relevant to businesses that trade in physical gold,silver and platinum (hereinafter referred to as “precious metals”).

This guide covers the following:
a) Definition of Investment precious metals (hereinafter referred to as“IPM”);
b) GST treatment for the importation and supply of IPM;
c) Claiming of input tax incurred for precious metals trading businesses; and
d) GST reporting for the importation, purchase and supply of IPM.

Source: iras.gov.sg

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