ANNOUNCEMENT
In line with the announcement by the Inland Revenue Authority of Singapore, the GST will be increased from 8% to 9% with effect from 1 January 2024.
There is no sales tax on purchases. However, all fees are subject to Singapore’s Goods and Service Tax (GST). This is a Singapore tax that only applies to the Fees from the trade and not the metal. Example:
Buy gold valued at USD 1,000.00.
Our fee is 1%, which is USD 10.00.
GST is 9% of the fee, which is USD 0.90.
Related articles:
Does Stacker Market™ report transactions to governments?
Does Stacker Market™ withhold income taxes?
Does Stacker Market™ prepare and send year-end tax statements??