{"id":964,"date":"2019-03-29T07:21:02","date_gmt":"2019-03-28T23:21:02","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=964"},"modified":"2019-04-08T07:23:07","modified_gmt":"2019-04-07T23:23:07","slug":"gst-e-tax-guide-guide-on-exemption-of-investment-precious-metals-ipm","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2019\/03\/29\/gst-e-tax-guide-guide-on-exemption-of-investment-precious-metals-ipm\/","title":{"rendered":"GST e-Tax Guide: Guide on Exemption of Investment Precious Metals (IPM)"},"content":{"rendered":"\n<p>On or about 27 March 2019, the Inland Revenue Authority of\nSingapore (IRAS) has published the ninth edition of GST e-Tax Guide: Guide on\nExemption of Investment Precious Metals (IPM). It replaces the eighth edition\nwhich was published on 18 January 2019.<\/p>\n\n\n\n<p>This e-Tax Guide provides details on the GST exemption of\ninvestment gold, silver and platinum. It is relevant to businesses that trade\nin physical gold, silver and platinum (hereinafter referred to as \u201cprecious\nmetals\u201d).<\/p>\n\n\n\n<p>This e-Tax Guide covers:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Definition of Investment precious metals (hereinafter referred to as \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>The e-Tax Guide has been updated to incorporate the\nfollowing changes:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Amended footnote 13 to insert a new qualifying IPM coin<\/li><li>Amended paragraph 4.3 on website link. <\/li><\/ul>\n\n\n\n<p>Source: <em>IRAS<\/em>, 27 March 2019<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On or about 27 March 2019, the Inland Revenue Authority of Singapore (IRAS) has published the ninth edition of GST e-Tax Guide: Guide on Exemption of Investment Precious Metals (IPM). It replaces the eighth edition which was published on 18 January 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-964","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\/964","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=964"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/964\/revisions"}],"predecessor-version":[{"id":965,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/964\/revisions\/965"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=964"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}