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Does Stacker Market™ charge sales tax on purchases?
Does Stacker Market™ charge sales tax on purchases?
Updated over a week ago

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.


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