GST on Silver in Singapore
Investment silver is exempt from GST (since 1 October 2012). Silver jewellery, silverware and medallions carry 9% GST. Today 10 grams of fine silver cost $20.19 at the world price, with no tax on investment bars.
Rules checked 26 October 2026 · Prices Oct 30, 2026, 21:55 UTC · Not tax advice
Silver in Singapore today, with tax
SGD · Oct 30, 2026, 21:55 UTC| Weight | World price, fine silver | Bar, with tax and duty | Sterling (925) jewellery metal, with tax |
|---|---|---|---|
| 1 gram | $2.02 | $2.02 | $2.04 |
| 1 ounce | $62.78 | $62.78 | $63.30 |
| 10 ounces | $627.84 | $627.84 | $633.02 |
| 100 grams | $201.85 | $201.85 | $203.52 |
| 1 kilo | $2,019 | $2,019 | $2,035 |
The rules in Singapore
| What you buy | Tax | Details |
|---|---|---|
| Bars | 0% | Investment silver is exempt from GST (since 1 October 2012). Silver of at least 99.9% purity as a bar, ingot or wafer from a refiner on (or formerly on) the LBMA Good Delivery list, or endorsed by Enterprise Singapore, bearing an accepted quality mark and not decorative or a collector's piece. Imports of such silver are also exempt from import GST. |
| Coins | 0% | Prescribed bullion coins are GST-exempt, including the American Eagle, Maple Leaf, Philharmonic, Britannia, Panda, Libertad, Kookaburra, Koala, Kangaroo and Krugerrand (26 silver coins or series in the IRAS list, 20th edition, 30 Jan 2026). Proof, numismatic and collector versions carry 9% GST. |
| Jewellery | 9% | Silver jewellery, silverware and medallions carry 9% GST. Charged on: full value. |
| Import duty | 0% | No customs duty on silver. |
| Tourist refund | Yes | Tourist Refund Scheme (eTRS) for tourists aged 16+. Minimum S$100 including GST at one retailer (up to three same-day receipts can be combined). Goods must leave by air from Changi or Seletar. It covers silver jewellery; investment silver is GST-exempt, so there is nothing to refund. |
Compared with nearby countries
| Country | Bars | Jewellery | Import duty |
|---|---|---|---|
| Singapore | 0% | 9% | none |
| China | 13% | 18.9% | not verified |
| Hong Kong | 0% | 0% | none |
| Japan | 10% | 10% | none |
| South Korea | 10% | 10% | not verified |
| Malaysia | 0% | 0% | not verified |
| Thailand | 7% | 7% | not verified |
| Vietnam | 0% | 0% on the silver | not verified |
| Indonesia | 11% | 11% | not verified |
| Philippines | 12% | 12% | not verified |
GST on Silver in Singapore: FAQ
Is there GST on silver in Singapore?
Investment silver is exempt from GST (since 1 October 2012). Silver jewellery, silverware and medallions carry 9% GST.
Do you pay GST on silver bars and coins in Singapore?
Investment silver is exempt from GST (since 1 October 2012). Silver of at least 99.9% purity as a bar, ingot or wafer from a refiner on (or formerly on) the LBMA Good Delivery list, or endorsed by Enterprise Singapore, bearing an accepted quality mark and not decorative or a collector's piece. Imports of such silver are also exempt from import GST. Prescribed bullion coins are GST-exempt, including the American Eagle, Maple Leaf, Philharmonic, Britannia, Panda, Libertad, Kookaburra, Koala, Kangaroo and Krugerrand (26 silver coins or series in the IRAS list, 20th edition, 30 Jan 2026). Proof, numismatic and collector versions carry 9% GST.
Is there import duty on silver in Singapore?
No customs duty on silver.
Can tourists claim back the GST on silver in Singapore?
Yes. Tourist Refund Scheme (eTRS) for tourists aged 16+. Minimum S$100 including GST at one retailer (up to three same-day receipts can be combined). Goods must leave by air from Changi or Seletar. It covers silver jewellery; investment silver is GST-exempt, so there is nothing to refund.
Sources (1)
Related
General information on the tax a private buyer pays, checked 26 October 2026. Rules change; check with the seller, the tax authority or an adviser. Not tax advice.