When is gold subject to value-added tax? .. “Zakat and tax” answers

Al-Marsad newspaper: The Zakat, Tax and Customs Authority clarified when gold is subject to value added tax.

The authority stated that gold is subject to zero-rate value-added tax if its purity level is 99% and is tradable in the global bullion market only.

The authority added that if the gold purity level is less than 99%, it is subject to value added tax.

She pointed out that gold jewelery is subject to a value-added tax of 15% when sold by a person registered in the value-added tax system.

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