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 8% of the fee, which is USD 0.80.

Related articles:

Did this answer your question?