Description
The recent changes in VAT on Gold in UAE have created a dynamic shift in the gold, diamond, and precious metals market. To make the UAE a global hub for gold trading, the government has introduced a VAT exemption specifically targeting registered businesses trading gold within the UAE. This VAT exemption enhances the financial appeal of trading in gold and aligns with the UAE’s long-term economic vision. With reduced costs, trading and investing in gold have become significantly more attractive, positioning the UAE as one of the top global destinations for gold trade.
This guide explores everything you need about VAT on gold in the UAE, including the 2024 updates, eligibility criteria, compliance requirements, and tips for navigating this new landscape.
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