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Calls for Singapore to waive GST on art sales as galleries look outside Hong Kong
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Singapore already exempts GST in areas such as financial services and digital payment tokens.
PHOTO: TOKYO GENDAI
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TOKYO – If Singapore were to waive GST on art sales, it would become a real contender on a pan-Asia level “overnight”.
This is according to former Art Basel Hong Kong director Magnus Renfrew, who is one of the most influential figures of the art world.
