As part of Singapore's Budget for 2012 announced by finance minister Tharman Shanmugaratnam, "
Singapore is set to capitalise on the strong demand in Asia for gold as an asset. The government is exempting investment-grade gold and other precious metals traded as financial assets, from the goods and services tax (GST). This is already being done in a number of other countries such as Australia, the UK and Switzerland."
About time.
2 comments:
Better late than never ;)
I am smiling.
All as well that I have not been buying physical gold for more than a year. So, I guess I should be smiling too. :)
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