Bringing Gold Bars into Singapore – GST & Declaration
A practical guide for Singapore shoppers buying from LITZ in Johor Bahru City Square.
Quick answer
Hand-carried investment precious metals for personal use are GST-exempt in Singapore. Declare if your total gold weight exceeds 500g and follow official guidance. Always refer to Singapore Customs – Hand-carried IPMs for the latest rules. If unsure, simply ask the customs office.
What is IPM?
- Gold of at least 99.5% purity
- Qualifying forms: bar, ingot, wafer, coin
- Recognised for international bullion trading
Buying at LITZ (Malaysia) vs Singapore
- Price advantage: Competitive spreads and lower premiums compared to many Singapore dealers
- Non-exclusive: No need to open a local bank account
- Convenience: Pick up at City Square, just next to the JB Checkpoint. Also accessible via a sheltered bridge from JB CIQ
- Availability: All ready stocks, no waiting or pre-orders needed.
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