News

Singapore Scraps Taxes on Gold & Silver

Singapore continues to position itself as one of Asia’s leading financial service countries. The Singaporean government is set to repeal the 7 percent tax on Gold and Silver. The previously announced tax count is set to take place October 1st, 2012. This move should help Singapore position itself as a world leader in the Gold and Silver trade.

 

 

Singapore now accounts for about 2% of global gold demand but with these moves the Singaporean government hopes to increase that share to 10 to 15%. Singapore has a strong stock market and large Financial Services sector and is now working to expand its share of trade in other investment markets.

 

Source: http://www.valuewalk.com/2012/10/singapore-scraps-taxes-on-gold-silver/

Add comment


Security code
Refresh

 


 

Disclaimer 

The statements, opinions and analysis presented in the texts and newsletters on this website are provided as a general information and education service only. Opinions, estimates and probabilities expressed herein constitute the judgment of the authors as of the date indicated and are subject to change without notice. Nothing contained in this website is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. KowloonGold or its authors shall not be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided.  

Newsletter