{"id":1427,"date":"2019-08-30T08:45:40","date_gmt":"2019-08-30T00:45:40","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=1427"},"modified":"2020-01-25T08:56:57","modified_gmt":"2020-01-25T00:56:57","slug":"e-tax-guide-gst-guide-on-exemption-of-investment-precious-metals-ipm-revised","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2019\/08\/30\/e-tax-guide-gst-guide-on-exemption-of-investment-precious-metals-ipm-revised\/","title":{"rendered":"e-Tax Guide GST: Guide on Exemption of Investment Precious Metals (IPM) revised"},"content":{"rendered":"\n<p>On or about 30 August 2019, the Inland Revenue Authority of Singapore (IRAS) has published the tenth edition of  e-Tax Guide GST: Guide on Exemption of Investment Precious Metals (IPM). It replaces the ninth edition which was published on 27 March 2019.<\/p>\n\n\n\n<p>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 (\u201cprecious metals\u201d).<\/p>\n\n\n\n<p>This guide covers the following:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>definition of Investment Precious Metals (\u201cIPM\u201d);<\/li><li>GST treatment for the importation and supply of IPM;<\/li><li>claiming of input tax incurred for precious metals trading  businesses; and<\/li><li>GST reporting for the importation, purchase and supply of IPM. <\/li><\/ol>\n\n\n\n<p>Summary to the key amendments include: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>inserted qualifying IPM coins in paragraph 3.7<\/li><li>amended footnotes 15, 23 and 26<\/li><li>editorial amendments<\/li><\/ul>\n\n\n\n<p>Source: <em>IRAS<\/em>, 30 August 2019<\/p>\n\n\n<p><!--EndFragment--><br>\n<br>\n<\/p>","protected":false},"excerpt":{"rendered":"<p>On or about 30 August 2019, the Inland Revenue Authority of Singapore (IRAS) has published the tenth edition of e-Tax Guide GST: Guide on Exemption of Investment Precious Metals (IPM). It replaces the ninth edition which was published on 27 March 2019. This e-Tax Guide provides details on the GST exemption of investment gold, silver [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9,6],"tags":[],"class_list":["post-1427","post","type-post","status-publish","format-standard","hentry","category-gst","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=1427"}],"version-history":[{"count":2,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1427\/revisions"}],"predecessor-version":[{"id":1429,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1427\/revisions\/1429"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=1427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=1427"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=1427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}