GST E-tax Guide on Exemption of Investment Precious Metals (IPM)
The GST e-tax guide has been updated on the exemption of Investment Precious Metals (IPM), with more examples of qualifying bars, ingots and wafers. In order to qualify as an Investment Precious Metal (IPM), it doesn’t matter even if there is a design of Mickey Mouse on the gold bar as long as they are accepted by the international bullion markets for trading and the trading prices are based on their precious metal contents.
The picture attached is an example of a PAMP Suisse Lunar Series Bar, which is one of the examples of gold bar which qualifies as an Investment Precious Metal (IPM) included in the GST guide.
You can download the e-tax guide here