SNA - Singapore to exempt gold, other precious metals from 7% GST

Singapore will exempt investment-grade gold and other precious metals from a seven percent goods and services tax to spur the development of gold trading, Finance Minister Tharman Shanmugaratnam said on Friday. The change brings Singapore's tax treatment of investment-grade gold and other precious metals in line with the practices of other developed countries such as Australia and Switzerland, he said. Full story Related: Singapore aspires to be gold trading hub - The Economic Times

Full article: http://singaporenewsalternative.blogspot.com/2012/02/sing...

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