{"id":1430,"date":"2019-09-24T08:57:08","date_gmt":"2019-09-24T00:57:08","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=1430"},"modified":"2020-01-25T09:28:30","modified_gmt":"2020-01-25T01:28:30","slug":"e-tax-guide-gst-guide-on-exemption-of-investment-precious-metals-ipm-revised-2","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2019\/09\/24\/e-tax-guide-gst-guide-on-exemption-of-investment-precious-metals-ipm-revised-2\/","title":{"rendered":"e-Tax Guide GST: Guide on Exemption of Investment Precious Metals (IPM) revised"},"content":{"rendered":"\n<p>On or about 24 September 2019, the Inland Revenue Authority of Singapore (IRAS) has published the eleventh edition of e-Tax Guide GST: Guide on Exemption of Investment Precious Metals (IPM). It replaces the tenth edition which was published on 30 August 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>Summary to the key amendments include: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>inserted  paragraphs  2.6,  2.7 and footnote 2 to explain the input tax  recovery rules applicable to Reverse Charge (\u201cRC\u201d) Businesses.<\/li><li>amended table under paragraph 6.3 and inserted footnotes 35-36 to explain input tax attribution and apportionment rules applicable to RC businesses.<\/li><li>inserted paragraph 6.7 and footnote 39to explain that RC is not applicable for approved refiners.<\/li><li>amended Illustration under Appendix B and footnotes 46-47 to include transactions that are subject  to  GST under the RC regime with effect from 1 January 2020.<\/li><\/ul>\n\n\n\n<p>Source: <em>IRAS<\/em>, 24 September 2019<\/p>\n\n\n<p><!--EndFragment--><br>\n<br>\n<\/p>","protected":false},"excerpt":{"rendered":"<p>On or about 24 September 2019, the Inland Revenue Authority of Singapore (IRAS) has published the eleventh edition of e-Tax Guide GST: Guide on Exemption of Investment Precious Metals (IPM). It replaces the tenth edition which was published on 30 August 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-1430","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\/1430","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=1430"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1430\/revisions"}],"predecessor-version":[{"id":1431,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1430\/revisions\/1431"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=1430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=1430"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=1430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}