Association seeks SST exemption on investment metals

Gold closed February with a gain of more than 10 percent, the most for any month in four years.

KUALA LUMPUR: The Malaysia Gold Association wants investment precious metals (IPMs) and jewelleries to be exempted from the soon-to-be implemented sales and services tax (SST).

Honorary secretary Datuk Louis Ng Chun Hau said the association’s representatives have met with the Finance Ministry and Customs Department officials recently to give their views on the matter but no decision was reached.