Goods & Service Tax (GST) 10 November 2026
Singapore Introduces Central Bank Gold Vault, Expands GST Waiver
Singapore's Monetary Authority of Singapore (MAS) has rolled out a new gold‑vaulting service aimed at central banks, allowing secure storage of sovereign gold holdings. At the same time, MAS broadened its Goods and Services Tax (GST) waiver to cover wholesale transactions, lowering costs for businesses and encouraging trade activity across the island.
The Monetary Authority of Singapore (MAS) launched a gold‑vaulting service for central banks, providing secure, on‑shore storage of sovereign gold reserves. Details are in the Business Times article.
- GST waiver now includes wholesale activities, reducing tax burden for bulk traders.
- Move aims to boost Singapore’s appeal as a regional financial hub.
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