On or about 8 November 2019, the Inland Revenue Authority of Singapore (IRAS) has published the twelfth edition of e-Tax Guide GST: Guide on Exemption of Investment Precious Metals (IPM). It replaces the eleventh edition which was published on 24 September 2019.
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 (“precious metals”).
It amended footnotes 16, 24 and 27 to update the list of coins issued.
Coins released in the gold series are: “Lion of England”, “Griffin of Edward III”, “Red Dragon of Wales”, “Unicorn of Scotland”,“Black Bull of Clarence”, “Falcon of the Plantagenets”, “Yale of Beaufort” and “White Lion of Mortimer”.
Source: IRAS website, 8 November 2019