GST is not applied to bullion stored in Le Freeport Singapore secured bonded vaults. Only a storage fee of (gold is 0.5% and silver is 0.7%) per year is levied on the value of bullion stored. However, local GST or duties may apply to bullion shipped to the country of your choice if and when you choose to withdraw your bullion. You will also be required to pay Singapore GST (non IPM) if you withdraw the bullion in Singapore. A removal service fee, shipping fee, and insurance fee shall apply. You may read more about the GST: Guide on Exemption of Investment Precious Metals (IPM) by the Inland Revenue Authority of Singapore for details.